When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. after 4 years of straight-line depreciation, the assets total estimated useful life was revised from 8 years to 6 years; there was No change in the estimated salvage value. What is the amount of depreciation expense in 5 years? Show your work

a. $5,375.00

b. $2,687.50

c. $5,543.75

d. $10,750.00

e. $ 2,856.25