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Cardco Inc. has an annual accounting period that ends on December 31. During the current...

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Accounting

Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $41,000 was purchased on September 2. The asset has a $3,800 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year?

$1,860.00

$2,480.00

$2,733.33

$7,440.00

$3,100.00

i got 2480. is it correct?

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