Orangewood Industries bought a new cash register for $7,500. Orangewood originally planned to use the cash register for 4 years and then sell it for $600. After 4 years, Orangewood had recorded $6,900 of depreciation. If the company continues to use the cash register, still planning to sell it eventually for $600, then Orangewood should record:
A. $1,725 of additional depreciation.
B. the removal of the cash register from its books because it is fully depreciated.
C. no additional depreciation.
D. $600 of additional depreciation.
Answer: C
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