Company taks a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of company's depreciable assets t December 31, 2021 are as follows:

Acquisiton year 2019

Cost 280,000

Residual value 40,000

Accumulated depreciation 192,000

Estimated useful life 5 years

Using the same depreciation method as used in 2019, 2020, and 2021, how much depreciation expense should the company record in 2022 for this asset?

A. 32,000

B. 64,000

C. 56,000

D. 48,000