BITCO purchased a vehicle for $30,000 on July 1, 2020. BITCO's fiscal year ends on December 31, 2020. If the vehicle is expected to last 5 years and will have a salvage value of $2,000. Assuming straight-line depreciation, what amount of depreciation should be recognized for 2020? CAUTION: Pay attention to the dates.

Group of answer choices:

2,800

5,600

3,000

6,000

None of the choices are correct.