Leo's Lawncare purchased equipment on January 1. The cost was $17,000, and the equipment had a residual value of $4,000. The equipment was given a useful life of 10 years. After the end of two years, it was determined that the equipment would be obsolete in 5 more years and the residual value would be $4,000. What will be the depreciation under the straight-line method to the nearest dollar be for the third year? $2, 080 $1, 700 $1, 300 $10, 400