On January 10, 2021, Kansas Corporation acquired equipment for $120,000. The estimated life of the equipment is ten years or 40,000 hours. The estimated residual value is $20,000. If Kansas Corporation uses the straight-line method of depreciation, what will be the debit to Depreciation Expense for the year ended December 31, 2021, during which period the asset was used 4,500 hours?

a.

$9,334

b.

$10,000

c.

$11,250

d.

$12,000