5. A plant asset cost $96,000 and is estimated to have a $12,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be

6. Joe's Copy Shop bought eqviipment for $60,000 on January 1，2006. Joe estimated the Useful life to be 3 years with no salvage value, and Ihe straight-line method of depreciation will be used On January 1，2007, Joe decides lliat the business will use the equipment for 5 years. What is the revised depreciation expense for 2007?

5. A plant asset cost $96,000 and is estimated to have a $12,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be

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