Central Supply purchased a new industrial 3D printer on Jan 1,2021 for $75,750. The printer is expected to operate for ten (10) years, after which it will be sold for salvage value (estimated to be $9,750) How much is the first year's depreciation expense (year ended 12/31/2021) if the company uses the straight-line method? \begin{tabular}{l} $6,600 \\ \hline$7,575 \\ \hline$9,750 \\ \hline$975 \end{tabular}