When originally purchased, a vehicle had an estimated useful life of 10 years. The vehicle cost $27,000 and its estimated residual value is $4,000. After 3 years of straight-line depreciation, the asset’s total estimated useful life was revised from 10 years to 6 years and there was no change in the estimated residual value. The Depreciation Expense in year 4 is:
$3,558
$3,833
$1,170
$5,367