In the Following Exercise, Assume Straight-Line Depreciation $\$ 565.00$ When New and Is Expected to Be Worth

Multiple Choice

In the following exercise, assume straight-line depreciation. A word processor costs $\$ 565.00$ when new and is expected to be worth $\$ 115.00$ after 5 years. What will it be worth after 2 years?

A) $\quad \$ 115.00$
B) $\quad \$ 340.00$
C) $\quad \$ 385.00$
D) $\quad \$ 565.00$
E) $\quad \$ 450.00$