ARC Co. manufacturing purchased a computerized welder three years ago for $197,000. After three years of using the asset, the management has decided to sell the machine at the beginning of next year. A buyer has been found and a purchase price of $130,000 has been negotiated and the asset will be sold at the beginning of year four. Historically, the annual depreciation was expensed using the single declining balance method at the rate of 11% annually. Required Using the information above, answer the following multiple choice questions. Question 38 (1 point) Listen Given the information above for ARC Co., what would have been the total depreciation expense recognized in year one of the assets life? (Round to the closest answer.) a) $21,650 b) $21,889 c) $18.370 Od) $65,667 Oe) $14,300