A company that uses a calendar year purchases an asset with a historical cost of $250,000, a residual value of $5,000 and an estimated life of 5 years.

If the asset is acquired on January 1, 2012, and is depreciated under the sum-of-the-years-digits method, first-year depreciation (rounded) would be . . .

a. $81,667

b. $60,000

c. $49,000

d. $20,417