The price of a sound system purchased by a local town hall was $42,500.It cost $2,100 for delivery.The salvage value at the end of 4 years is $7,500….

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The price of a sound system purchased by a local town hall was $42,500. It cost $2,100 for delivery. The salvage value at the end of 4 years is $7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3.

A)$9,324.50

B)$10,365.75

C)$11,368.20

D)$9,275.00

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