Adams Brewery Company purchased a building for use in its business on October 1, 2019 for $100,000. The company installed a new floor in the building in order to use the building for its new brewery. The cost of the new floor is $35,000 (hint: the cost of the new floor is a capital expenditure not a repair or maintenance expenditure). Management estimates that the building will be worth $25,000 at the end of its 40 year useful life. Adams uses the straight line method of depreciation. What is the correct amount of depreciation for the year ended 2020? Select one: a. $2062 O b. $2750 c. $3,375 O d. $11,000