Equipment was purchased at the beginning of 2009 for $204,000. At the time of its purchase, the equipment was estimated to have a useful life of six years and a residual value of $24,000. The equipment was depreciated using the straight-line method of depreciation through 2011. At the beginning of 2012, the estimate of useful life was revised to a total life of eight years and the expected residual value was changed to $15,000. The amount to be recorded for depreciation for 2012, reflecting these changes in estimates, is

Select one:

a. $22,800.

b. $23,625.

c. $19,800.

d. $12,375.