Brevard Corporation purchased a taxicab on January 1, 2013 for $25,500 to use for its shuttle

ACC 291 Entire Course Link

https://uopcourses.com/category/acc-291/

 

 Brevard Corporation purchased a taxicab on January 1, 2013 for $25,500 to use for its shuttle business. The cab is expected to have a five-year useful life and no salvage value.

During 2014, it retouched the cab's paint at a cost of $1,200, replaced the transmission for $3,000 (which extended its life by an additional 2 years), and tuned-up the motor for $150. If Brevard Corporation uses straight-line depreciation, what annual depreciation will Brevard report for 2014?

 

$4,100.

 

$4,125.

 

$3,900.

 

$5,100.
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