1.Fox, Inc. has one plant asset with an original cost of $940,000, a $60,000 expected residual value, and a 25 year estimated useful life. At the beginning of 2019, following 15 full years of depreciation, Fox determined that the asset will only be useful for another 4 years and decreased the expected residual value to $50,000. This change is needed to reflect advanced technology used in newer equipment currently available on the market. Fox uses thestraight-line method of depreciation.Ignoring any tax effects, what is Fox's depreciation expense for 2019?

A) $90,500B) $75,500C) $222,500D) $81,500