A company purchased a computer system on March 1, 2012. Its cost was $35,000 and it had an estimated residual value of $5,000. It was expected to have a useful life for four years. To the nearest dollar, the depreciation for 2012 using straight-line depreciation will be:

Select one:

A.

$6,500.

B.

$6,250.

C.

$8,750.

D.

$5,625.

E.

$7,500.