Coronado Company purchased equipment on January 1, 2019, for $90000 with an estimated salvage value of $18000 and estimated useful life of 8 years. On January 1,2021, Coronado decided the equipment will last 12 years from the date of purchase. The satvage value is still estimated at $18000. Using the straight-line method the new annual depreciation will be: $5400. $9000. $6000. $7500