Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $43,000 was purchased on September 2. The asset has a $4,200 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

$3,583.33

$1,940.00

$9,700.00

$3,233.33

$4,041.67