An asset was purchased for $58,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000. After 3 years of straight-line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of $1,000. What will be the new annual depreciation for the asset?

a. $5,400

b. $20,250

c. $22,500

d. $23,500