Encanto Corporation purchased a building on December 31,200 for $1,700,000. At that time, Encanto believed the building would have a useful life of 23 years and estimated a residual value of $136,000. It is now March 31,206, and Encanto has received new information that suggests the useful life of the building will likely be 30 years with a residual value of $88,000. Encanto uses the straight-line method of calculating depreciation expense. What should the company record as depreciation expense in 206 ? $50,880$54,400$64,480$42,400