On September 1, Emil Rovey purchased a vehicle for $73,000 with a residual value of $8,000. The estimated useful life is 5 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.) On January 1, 2018, Dunbar Echo Co sells a machine for $25,000. The machine was originally purchased on January 1, 2016 for $44700 The machine was estimated to have a useful life of 5 years and a residual value of $0. Dunbar Echo uses straight line depreciation. In recording this transaction