Brevard Corporation Purchased a Taxicab on January 1 2021 for $34000

Multiple Choice

Brevard Corporation purchased a taxicab on January 1 2021 for $34000 to use for its shuttle business.The cab is expected to have a five-year useful life and no salvage value.During 2022 it retouched the cab's paint at a cost of $1600 replaced the transmission for $4000 (which extended its life by an additional 2 years) and tuned-up the engine for $200.If Brevard Corporation uses straight-line depreciation what annual depreciation will Brevard report for 2022?

A) $6800.
B) $5200.
C) $5500.
D) $5467.