At the beginning of 2020, equipment was purchased for 200,000. The equipment was estimated to have a useful life of six years and a residual value of 20,000. The equipment was depreciated using the straight-line method to the end of 2022. At the beginning of 2023, the estimate of useful life was revised to a total life of eight years and the expected residual value was changed to 16,000. The amount to be recorded for depreciation for 2023, reflecting these changes in estimates, is Select one: O a. 16,000 O b. 20,666 O c. 18,800 O d. 23,000