A company has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $37,000 was purchased on September 1. The asset has a $3,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a four-year life. What is the total depreciation expense for the current year? Multiple choice question. $1,700.00 $3,083.33 $8,500.00 $2,833.33 $3,541.67