K Major Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $25,000. The estimated useful life is five years, and estimated residual value is $2,500. If Major Link uses the straight-line method for depreciation, what is the asset's carrying amount at the end of 2021? (Round your answer to the nearest whole dollar.) OA. $16,000 OB. $15,000 OC. $18,625 OD. $13,500