7-63. If the autoclave is sold during the third year of ownership, the allowable depreciation charge for the third year is

(a) $25,000

(b) $33,338

(c) $22,215

(d) $11,108 An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated SV for depreciation purposes is to be $25,000. Use this information to solve Problems 7-64 to 7-67.