26 4 points (Extra Credit Save Anwer Able Towing Company purchased a tow truck for $225,000 on January 1, 2016. It was originally depreciated on a straight-line basis over 10 years with an assumed residual value of $45,000. On December 31, 2018, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2018) and the residual value to $7,500. What was the depreciation expense for 2018? OA $22,500 OB.$ 18,000 OC.$56,250 OD.$ 45,375