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Determine the amount of depreciation to be charged

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A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000, and had a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 and its total useful life was increased from 5 years to 6 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life: a- $1000 b- $ 1800 c $ 1467 d $ 1600

Reference no: EM13509311

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