An oil refinery has decided to purchase some new drilling equipment for $500,000. The equipment will be kept for 11 years before being sold. The estimated SV for depreciation purposes is to be $35,000. Using the SL method, what is the annual depreciation on the equipment? Choose the correct answer below. O A. The annual depreciation on the equipment is $48,636. OB. The annual depreciation on the equipment is $42,273. O C. The annual depreciation on the equipment is $39,091. OD. The annual depreciation on the equipment is $45,455