A company used straight-line depreciation for an item of equipment that cost $18,300, had a salvage value of $4800 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1830 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:
A. $4320.
B. $1350.
C. $7090.
D. $4800.
E. $3240.
Answer: E
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