Do Test 2: Chapter 3\ Help\ Save & Exit\ On January 1, a company purchased new furniture at a cost of

$15,000

. The furniture is estimated to have a useful life of 5 years and a salvage value of

$2,100

. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?

On January 1, a company purchased new furniture at a cost of $15,000. The furniture is estimated to have a useful life of 5 years and a salvage value of $2,100. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31