On 27 February 2021 Cal Ltd received specialised equipment that had been purchased from Jas Ltd at a price of $43,000. In order for the equipment to operate for Cal Ltd in a way that management had specified, Jas Ltd had to add a part that would cost Cal Ltd an additional $2,500. The equipment was transported at a cost of $1,500.

During installation of the equipment in Cal Ltd's factory, damage was done to a wall and cost Cal Ltd $800 to repair. On 1 March 2021 the equipment was ready to use. Cal Ltd estimated that the equipment had a residual value of $2,000 and a useful life of 5 years. Cal Ltd uses the straight-line method to depreciate equipment.

The amount that Cal Ltd should record for depreciation on 30 June 2021 is:

Select one:

a.

$3,000

b.

$2,900

c.

$2,733

d.

$9,000