8. Equipment was purchased at the beginning of 2015 for $206,000. At the time of its purchase, the equipment was estimated to have a useful life of seven years and a salvage value of $24,000. The equipment was depreciated using the straight-line method of depreciation through 2017. At the beginning of 2018, the estimate of useful life was revised to a TOTAL life of eight years (to 1/1/23) and the expected salvage value was changed to $15,000. The amount to be recorded for depreciation for 2018, reflecting these changes in estimates, is:

Select one:

a. $20,400

b. $19,800

c. $22,800

d. $25,600

e. $22,600