A company used straight-line depreciation for an item of equipment that cost $16,250, had a salvage value of $3,800 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,625 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

$3420

$1245

$2800

$6142

$3800

$