On January 1, 2016, Knapp Corporation acquired machinery at a cost of $250,000 with a useful life of 8 years using the double-declining balance method of depreciation, with a residual value of 10,000.

At the beginning of 2019, a decision was made to change to the straight-line method of depreciation for the machinery.

The depreciation expense for 2019 would be (round up to nearest $1)

Select one:

a. $26,367

b. $30,000

c. $19,094

d. $18,286