Question: Enabledt Unit3 E&M On September 1, Emil Rovey purchased a vehicle for $88,000 with a residual value of $6,000. The estimated useful life is 8

Enabledt Unit3 E&M On September 1, Emil Rovey purchased a vehicle for $88,000 with a residual value of $6,000. 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 $10.250 $1667 $2.563 $3.417

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