ABC Company purchased equipment on January 1, 2016 for $30,000 with a salvage value of $3,000 and 5 years useful life. The company decided to retire the equipment on October 1, 2020.

Compute the amount of:

Annual Depreciation Expense: *

a-$4,050

b-$4,350

c-$5,400

d-$21,600

Depreciation Expense of the Year 2017: *

a-$1,350

b-$2,700

c-$4,050

d-$5,400

Depreciation Expense of the Year 2020: *

a-$1,350

b-$2,700

c-$4,050

d-$5,400

Accumulated Depreciation at disposal date: *

a-$21,600

b-$22,950

c-$24,300

d-$25,650

Book Value at disposal date: *

a-$7,050

b-$5,700

c-$4,350

d-Zero

Loss on Disposal: *

a-$7,050

b-$5,700

c-$4,350

d-Zero