A company purchased new furniture at a cost of $16,000 on September 30. The furniture is estimated to have a useful life of 5 years and a salvage value of $2200. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?
A. $3110
B. $910
C. $690
D. $230
E. $800
Answer: C
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