An asset was purchased for $115,000 on January 1 , Year 1 and originally estimated to have a useful life of 10 years with a residual value of $8,000. 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. $23,850.00 $21,850.00 $23,350.00 $22,850.00