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Find what depreciation expense for the year ended december

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Problem 1: On September 1, Emil Rovey purchased a vehicle for $63,000 with a residual value of $8,000. The estimated useful life is 8 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? (Round your answer to the nearest whole dollar amount.)

Multiple Choice

Option 1: $2,292

Option 2: $1,719

Option 3: $6,875

Option 4: $2,625

Reference no: EM132672370

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