Karyn purchased a computer for $12,000 on January 1, 20X1. Because her new web-based business requires the latest tech, she plans to replace her computers every five years. The old one will still have a market value of $2,000 but she will donate it to charity. She plans to bill $1,000 per month to clients. What is the depreciation expense for each year?

Box 1: Select the best answer