SportsWorld uses straight-line depreciation for a piece of equipment that cost $12,000, had a salvage value of $2,000, and a five-year service life. At the end of the first year,

SportsWorld uses straight-line depreciation for a piece of equipment that cost $12,000, had a salvage value of $2,000, and a five-year service life. At the end of the first year, an impairment loss of $2,000 was recognized on the asset. Calculate the amount ofdepreciation expense for each of the remaining years of the asset’s useful life.
A) $1,800.
B) $2,000.
C) $1,500.
D) $2,500.
E) $1,600.


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