An asset was purchased for 139,000. on Jan 1, Year 1, and originally estimated to have a useful life of 11 years with a residual value of 12,000. At the beginning of the third year, it was determined that the remaining useful life on the asset was only 4 years with a residual value of 2,000. Calculate the third year depreciation expense using the revised amounts and straight-line method.

select the correct answer:

a. 28977.27

b. 29477.27

c. 27477.27

d. 28477.27