Marigold Corp. purchased a depreciable asset for $617000 on January 1, 2018. The estimated salvage value is $59000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Marigold changed its estimates to a total useful life of 5 years with a salvage value of $96000. What is 2021 depreciation expense?

$62000

$186000

$92400

$167500