A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 8 years. Assuming the company uses straight-line depreciation, the amount of depreciation expense in year 5 is:
A. $80,000
B. $10,000
C. $20,000
D. $5,000
E. $12,000
Answer: B
Business
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