On May 1, 2010, Pinkley Company sells office furniture for $90,000 cash. The office furniture originally cost $225,000 when purchased on January 1, 2003. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $22,500. What depreciation expense should be recorded on this asset in 2010? Question 6 options: Solution 3).$6,750 .

1. On May 1, 2010, Pinkley Company sells office furniture for $90,000 cash. The office furniture
originally cost $225,000 when purchased on January 1, 2003. Depreciation is recorded by the
straight-line method over 10 years with a salvage value of $22,500. What depreciation expense
should be recorded on this asset in 2010?
Question 6 options:
1) $20,250.
2) $10,125.
3) $6,750.
4) $7,500.
Solution
3).$6,750