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Canliss Mining uses the retirement method to determine depreciation on its office equipment. During 2016, its first year of operations, office equipment was purchased at

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Canliss Mining uses the retirement method to determine depreciation on its office equipment. During 2016, its first year of operations, office equipment was purchased at a cost of $13,400. Useful life of the equipment averages four years and no salvage value is anticipated. In 2018, equipment costing $4,300 was sold for $670 and replaced with new equipment costing $7,400. Canliss would record 2018 depreciation of: points Multiple Choice (8 01:38:47 None of these answer choices are correct. 0 $3,630. O S6,730 O 0 $3,350

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