A company purchased a truck for $35,000 on January 1, 2013. The truck is estimated to have a useful life of four years and an estimated salvage value of $ 1,000. Assuming that the company uses straight-line depreciation, what is the depreciation ex¬ pense on the truck for the year ended December 31, 2014?

a. $8,750

b. $17,500

c. $8,500

d. $17,000

e. $25,500