Question: 8 3 points On January 1 , Year 6 , Arco Company purchased a computer for $ 6 , 5 0 0 cash. The computer

83 points
On January 1, Year 6, Arco Company purchased a computer for $6,500 cash. The computer had a $500 salvage value and a four-year useful life. The company earned cash revenue of $2,500 in Year 6 and $3,200 in Year 7. The amount of depreciation expense and the amount of accumulated depreciation Arco would report in the Year 7 financial statements would be
$1,500/$1,500
$1,500/$3,000
$1,625/$3,000
$1,625/$1,625
 83 points On January 1, Year 6, Arco Company purchased a

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