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A company used straight-line depreciation for an item of equipment that cost $15.000, had a salvage value of $1.900, and had a 8-year useful life.
A company used straight-line depreciation for an item of equipment that cost $15.000, had a salvage value of $1.900, and had a 8-year useful life. After depreciating the asset for 3 complete years, the salvage value was reduced to $1,400 and its total useful life was increased from 8 years to 12 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life (round depreciation per year to a whole number): Multiple Choice $4.914 $1,130 $1,638 $1,026 socos $965
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