An Asset That Cost $16,200 with a Residual Value of $1,200

Multiple Choice

An asset that cost $16,200 with a residual value of $1,200 and a useful life of 5 years was depreciated for two years using the straight-line method.In the third year,the useful life was determined to be 2 years longer than initially expected.Depreciation in the third year would be

A) $3,000.
B) $2,143.
C) $2,040.
D) $1,800.