An asset was purchased for $132,000 on January 1, Year 1 and originally estimated to have a useful life of 9 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 $2,600. Calculate the third-year depreciation expense using the revised amounts and straight-line method. Oa. $26,461.11 Ob. $25,461.11 Oc. $24,461.11 Od. $25,961.11