The following information is available on a depreciable asset owned by Mutual Savings Bank:

Purchase date	June 1, Year 1
Purchase price	$85,000
Salvage value	$10,000
Useful life	10 year
Depreciation method	straight-line

The asset's book value is $70,000 on June 1, Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be:

Options:

	$8,125.00
	$7,375.00
	$4,062.50
	$3,750.00
	$7,812.50