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On January 1 , 2 0 2 2 , Ivanhoe Corporation acquired equipment at a cost of $ 7 5 0 0 0 0 .

On January 1,2022, Ivanhoe Corporation acquired equipment at a cost of $750000. Ivanhoe adopted the sum-of-the-years'-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of 8 years, with no residual value. At the beginning of 2025, a decision was made to change to the straight-line method of depreciation for this equipment. Depreciation expense for 2025 would be
$39063.
$93750.
$150000
$62500
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