Equipment with a cost of $75,281.00, an estimated residual value of $4,834.00, and an estimated life of 13 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 5 years and the residual value changed to zero. The depreciation expense for the current and future years is

Select the correct answer.

A. $13,401.25

B. $5,956.11

C. $21,676.00

D. $4,123.46