An asset was purchased for $149,000 on January 1, Year 1 and originally estimated to have a useful life of 11 years with a residual value of $10,000. 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.$31,531.82

b.$30,531.82

c.$29,531.82

d.$31,031.82