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Cardco Inc

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Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $42,000 was purchased on September 2. The asset has a $4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year?

a.       $1,900.00

b.       $7,600.00

c.       $2,533.33

d.       $2,800.00

e.       $3,166.67