An asset was purchased for $109,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual value of $11,500. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,200. Calculate the third-year depreciation expense using the revised amounts and straight-line method. a. $21,825.00 b. $22,325.00 c. $22,825.00 d. $20,825.00