An asset was purchased for $150,000 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. Oa. $31,200.00 Ob. $30,700.00 Oc. $30,200.00 Od. $29,200.00