QRS Ltd, purchases a vehicle for use in their business. The cost of the vehicle is $75,000 QRS Ltd. Estimates the vehicle will drive 150,000 miles during its useful life. The useful life is estimated at 5 years. The salvage value of the vehicle is estimated to be $10,000. In the first year of the asset's useful life, the vehicle drives 15,000 miles. If QRS Ltd. uses the straight line method of depreciation, what will be the depreciation expense for the first year of the assets useful life? Round your answer to the nearest decimal. $10,000 $65,000 $13,000 $6,500