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On September 1, Emil Rovey purchased a vehicle for $48,000 with a residual value of $4,000. The estimated useful life is 10 years and the

On September 1, Emil Rovey purchased a vehicle for $48,000 with a residual value of $4,000. The estimated useful life is 10 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31?

A. $1,467

B. $1,100

C. $4,400

D. $1,600

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