An asset was purchased for $104,000 on January 1 , Year 1 , and originally estimated to have a useful life of 10 years with a residual value of \$9.500. At the beginning of the third vear, it was determined that the remaining useful life of the asset was onlv 4 vears with a residual value of $2,200. Compute the third-year depreclation expense using the revised amounts and straight-line method. 2. 521,725.00 b. $19,725,00 c. $20,72500 a. $21225.00