Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Calculate depreciation using the Straight Line method, given the following information:
Cost: 10,000
Useful life: 5 years
Residual value: 3,000
Purchased: June 1
O $2,000.70
O $816.70
O $1,400.40
O $3,000.70