On September 1, Emil Rovey purchased a vehicle for $63,000 with a residual value of $8,000. 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.) Multiple Choice O $2,292 O $1,719 $6,875 O O O $2,625