Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2010, a new motor vehicle with a useful life of 4 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 2011?

A) $5250
B) $10 500
C) $13 500
D) $21 000.