A Plant was purchased on April 21st, 2018 for $ 250,000 with a residual value of $50,000 and useful life of 15 years. Depreciation is charged on straight-line basis. The company year end date is December 31st. On July 3rd 2020, the Plant was sold for $ 150,000. The Accumulated depreciation at the time of sale was: *

$ 28,888.89

$31,333.33

$ 23,000

$ 29,666.67

Which is correct option?