Equipment with a cost of $250,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours. It is to be depreciated by the straight-line method. What is the amount of the equipment book value after three years of usage?

Select one:

a.

$184,000.

b.

$66,000.

c.

$154,000.

d.

$22,000.

e.

None of the above answers is correct.