Vorsche Motor Company reported results for the fiscal year ended 12/31/2013, which included the following disclosures: Select balances as of 12/31/2013 Gross PP&E 28,519.0 Net PP&E 16,597.0 Non-depreciable PP&E i.e. land) 1,650.0 Accumulated depreciation 11,922.0 Net PP&E (excl. land) 14,947.0 In addition, the company reported that during the fiscal year ended 12/31/2013, depreciation expense was $5,797.0. The company also provided forecasts for capex and estimates for depreciation from existing PP&E over the next 5 years: Projections Year ended: 12/31/2014 12/31/2015 10,738.2 Capital expenditures Depreciation from existing PP&E 8,969.0 4,982.3 12/31/2016 11,219.3 2,989.4 12/31/2017 12/31/2018 11,771.3 12,405.6 1,992.9 996.5 3,985.9 The company uses straight line accounting for depreciation and a useful life of 5 years on new purchases. Assume that all capital expenditures are made in the middle of each fiscal year. Question: Calculate depreciation expense for the year ending 12/31/2018. Question: Calculate depreciation expense for the year ending 12/31/2018. o $6,507 o $7,404 0 $8,478 o $10,777 O $12,017