On 1 January 2018, a New Motor Vehicle with a Useful

On 1 January 2018, a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December. What was the depreciation expense for year ended 31 December 2019?

A) $5 250
B) $10 500
C) $13 500
D) None of the above