Question 21 Metro Inc. purchased an equipment for $200,000 on January 1, 2020. Metro depreciates using the straight-line method over a 10-year period using no salvage value. Due to a change in sales patterns, on January 1, 2022, management determines the useful life of the machine to be a total of five years. What amount should Metro record for depreciation expense for 2022? The tax rate is 25%.

a. $40,000

b. $32,000

c. $46,667

d. $60,000

e. $35,000