Jennings Advertising, Inc. reported the following in its December 31, 2021, balance sheet:

Equipment	$	240,000
Less: Accumulated depreciationequipment	$	56,400

In a disclosure note, Jennings indicates that it uses straight-line depreciation over 12 years and estimates salvage value at 6% of cost. What is the average age of the equipment owned by Jennings?

Multiple Choice

8.1 years.

9 years.

3 years.

3.9 years.