Concord Corporation purchased a depreciable asset for $618000 on January 1, 2018. The estimated salvage value is $60000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Concord changed its estimates to a total useful life of 5 years with a salvage value of $97000. What is 2021 depreciation expense?

$92200

$186000

$62000

$167500