The asset's book value is $70,000 on july 1, year 3. on that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. based on this information, the amount of depreciation expense the company should recognize during the last six months of year 3 would be:

a. $8,125.00
b. $7,375.00
c. $4,062.50
d. $3,750.00
e. $7,812.50

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.