A Company's Annual Accounting Period Ends on September 30

A company's annual accounting period ends on September 30.During the current year a depreciable asset which cost $16,000 was purchased on January 1.The asset has a $2,000 estimated salvage value.The company uses straight-line depreciation and expects the asset to have a 4-year life.What is the total depreciation expense for the current year?

A) $4,000
B) $3,000
C) $3,500
D) $2,625
E) $875