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Hertz Enterprises purchased a depreciable vehicle for $22,000 on April 1, Year 1. The vehicle will be depreciated using the straight-line method over its four-year

Hertz Enterprises purchased a depreciable vehicle for $22,000 on April 1, Year 1. The vehicle will be depreciated using the straight-line method over its four-year useful life. Assuming the vehicle 's salvage value is $2,000, Hertz Enterprises should recognize depreciation expense in Year 1 in the amount of:

Select one: a. $3,750 b. $5,000 c. $5,500 d. $20,000 e. $4,125

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