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A company used straight-line depreciation for an item of equipment that cost $16,750, had a salvage value of $4,000 and a six-year useful life. After
A company used straight-line depreciation for an item of equipment that cost $16,750, had a salvage value of $4,000 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,675 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:
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a. $1,275.
b. $4,000.
c. $2,900.
d. $6,358.
e. $3,600.
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