I 2) Sports World uses straight-line depreciation for a piece of equipment that cost $12,000, had a salvage value of $1,000, and a five-year service life. At the end of the first year, an impairment loss of $2,000 was recognized on the asset. Calculate the amount of depreciation expense for each of the remaining years of the asset's useful life. (Show Calculations) (Worth 3 of the 15 marks) a) $2,200 b) $1,700 c) $2,750 d) $1,800 e) $2,250