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MC Qu. 72 A company used straight-line depreciation... A company used straight-line depreciation for equipment...

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Accounting

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MC Qu. 72 A company used straight-line depreciation... A company used straight-line depreciation for equipment that cost $12,000, had a salvage val of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining yea of its useful life: O $1,000 O $1,800 O $5,400. $2,000. o $2,400

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