A Company Purchased New Computers at a Cost of $14,000

Multiple Choice

A company purchased new computers at a cost of $14,000 on September 30.The computers are estimated to have a useful life of 4 years and a salvage value of $2,000.The company uses the straight-line method of depreciation.How much depreciation expense will be recorded for the computers for the first year ended December 31?

A) $250
B) $750
C) $875
D) $1,000
E) $3,000