An asset was purchased for $145,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual value of $12,000. 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 $1,600. Calculate the third-year depreciation expense using the revised amounts and straight-line method.

a.$28,200.00

b.$29,700.00

c.$29,200.00

d.$30,200.00