Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $38,500 was purchased on September 2. The asset has a $3,300 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 $8,800.00 $2,983.33 $476000 $3,200 33 $3.66667