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A company used straight-line depreciation for an item of equipment that cost $17,750, had a salvage value of $4,400 and a six-year useful life. After

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A company used straight-line depreciation for an item of equipment that cost $17,750, had a salvage value of $4,400 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,775 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life: Multiple Choice $4,400 O O $3,100. O O $6,792. $1,335. $3.960

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