On Jan 1, 2011 Company A purchased a vehicle costing $20,000. It is expected to have a value of $5, 000 at the end of 4 years. Calculate depreciation expense on the vehicle for the year ended Dec 31, 2011 if the company follows a MACRS method and the vehicle is classified as 3-year property class. $3750 $5000 $6666 $8890