Cara Company purchased a vehicle for $23,000, and estimated its useful life to be 8 years and its salvage value to be

$4,000. After 6 years of straight -line depreciation, Cara decided to do a major overhaul at a cost of $9,500, which are expected to extend the life of the vehicle by 5 years beyond the original estimate. The new estimated salvage value is

$2,000. The depreciation expense in year 7 equals: