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10 July, 22:31

A company used straight-line depreciation for an item of equipment that cost $15,550, had a salvage value of $3,400 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,555 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:

A. $3,400.

B. $3,060.

C. $1,215.

D. $5,798.

E. $2,640.

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