A company used straight-line depreciation for an item of equipment that cost $12,000,had a salvage value of $2,000 and a five-year useful life.After depreciating the asset for three complete years,the salvage value was reduced to $1,200 but its total useful life remained the same.Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:

A) $1,000
B) $1,800
C) $5,400
D) $2,400
E) $2,000

The total depreciation for the equipment is $12,000 - $2,000 = $10,000
Depreciation per year = $10,000/5 years = $2,000
Depreciation already charged for 3 years = 3 x $2,000 = $6,000
Book value after 3 years = $12,000 - $6,000 = $6,000

After reducing the salvage value to $1,200, the remaining depreciable amount is $6,000 - $1,200 = $4,800
Remaining useful life = 5 - 3 = 2 years
Depreciation per year for the remaining 2 years = $4,800 / 2 = $2,400

Therefore, the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life is $2,400.

The correct answer is D.