Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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