2,200. The company uses the straight-line method of depreciation How much depreciation expense will be recorded for the furniture for the first year A company purchased new furniture at a cost of 16,000 on January 1. The furniture is estimated to have a useful life of 5 years and a salvage value of ended December 31? Multiple Choice 3,110. 690. 910. 800. 2,760.

To calculate the depreciation expense using the straight-line method, we use the formula: Given:- Cost of the furniture = \ 2,200- Useful life = 5 yearsPlug these values into the formula: Therefore, the depreciation expense recorded for the first year ended December 31 is