Mary company purchased equipment on January 1, 2021, for $400,000. At the date of acquisition, the equipment had an estimated useful life of eight years with a $40,000 salvage value, and it was depreciated using the straight- line method. On January 1, 2026, based on updated information, Mary decided that the equipment had a total estimated life of ten years and no salvage value. Depreciation expense on the equipment in 2026 should be

A. $40,000

B. $45,000

C. $25,000

D. $35,000