Nicholson Company purchased equipment on January 1, 2011, for $40,000 with an estimated salvage value of $10,000 and estimated useful life of 8 years. On January 1. 2013, Nicholson decided the equipment will last 12 years from the date of purchase. The salvagelvalue is still estimated at $10,000. Using the straight-line method the new annual depreciation will be: - $2,250. $2,500. $3,000. $3,333