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On January 1, 2021, Entity G purchased a truck for its electrical contracting business for $88,000. The useful life was expected to be 6 years,

On January 1, 2021, Entity G purchased a truck for its electrical contracting business for $88,000. The useful life was expected to be 6 years, with an expected salvage value of $10,000. Entity G uses straight-line depreciation. What is the amount of depreciation expense on the truck for 2021 (as of December 31, 2021). Round to the nearest dollar if necessary.

$3,250

$0

$14,667

$13,000

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