Sycom company purchased a computer on 2008 january 2 for


Question - SyCom Company purchased a computer on 2008 January 2, for USD 10,000. The computer had an estimated salvage value of USD 3,000 and an estimated useful life of five years. At the beginning of 2010, the estimated salvage value changed to USD 1,000, and the computer is expected to have a remaining useful life of two years. Using the straight-line method, the depreciation expense for 2010 is:

a. USD 1,400.

b. USD 1,750.

c. USD 2,250.

d. USD 1,800.

e. USD 3,100.

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Accounting Basics: Sycom company purchased a computer on 2008 january 2 for
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