Arpeggio Corp. (whose fiscal year is a calendar year) purchased a vinyl press on July 1, 2019, for $59,000. Management estimates that the press has a salvage value of $3,000 and will be used for the next 7 years. After the end of the year adjusting journal entries are made on December 31, 2019, Arpeggio will have recorded ____________ of depreciation expense for the year for that machine.

Group of answer choices

8000

8429

4000

4215