Foster Company bought equipment on January 3 of this year for $10,000. At the time of purchase, the equipment was estimated to have a useful life of nine years and a trade-in value of $1,000 at the end of nine years. Using the straight-line method, the amount of one year's depreciation is

Select one:

a. $1,111.

b. $1,222.

c. $1,000.

d. $9,000.

e. $2,000.