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A company used straight-line depreciation for an item of equipment that cost $15,000, had a salvage value of $3,000 and a six-year useful life. After
A company used straight-line depreciation for an item of equipment that cost $15,000, had a salvage value of $3,000 and a six-year useful life. After depreciating the asset for four complete years, the salvage value was reduced to $1.000 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:
O $2,500.
O $2,000.
O $3,000.
$7,000.
O $1,000.
A company used straight-line depreciation for an item of equipment that cost $15,000, had a salvage value of $3,000 and a six-year useful life. After depreciating the asset for four complete years, the salvage value was reduced to $1.000 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:
O $2,500.
O $2,000.
O $3,000.
$7,000.
O $1,000.
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