A company purchased new furniture at a cost of $23.000 on September 30. The furniture is estimated to have a useful life of 5 years and a salvage value of $2.,900. The company uses the straight-ine method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31? Multiple Choice S335 $1,005 $1,150 $1,295 $4,195