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 $2,800 $1245 $3800 $3420 56.142