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On September 1, Emil Rovey purchased a vehicle for $118,000 with a residual value of $3,000. The estimated useful life is 8 years and the

On September 1, Emil Rovey purchased a vehicle for $118,000 with a residual value of $3,000. The estimated useful life is 8 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? (Round your answer to the nearest whole dollar amount.)

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