Oriole Company purchased a depreciable asset for $611000 on January 1, 2018. The estimated salvage value is $53000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Oriole changed its estimates to a total useful life of 5 years with a salvage value of $95000. What is 2021 depreciation expense?

a. $186000

b. $62000

c. $165000

d. $92600