DepCo uses the straight-line method. Assets purchased between the 1^st and 15^th are depreciated for the entire month; assets purchased after the 15^th as though they were acquired the following month.

On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and have a residual value of $2,000. What is the balance in DepCos Accumulated Depreciation account as of Dec. 31,20X3?

Group of answer choices

3,000

3,850

1,750

Insufficient information to calculate