Question 4 (4 points) A bus was purchased for $41,000 on 01 Jan 2020. Shipping costs were $750 and adjustments to the engine cost $3,000. Hiring a driver costs $20,000. The salvage value is estimated to be $5,000 and the useful life is estimated to be 5 years. The company closes its books on every 31 December. On 01 July 2023 the company determined that the remaining life was 2 more years rather than one and a half. The salvage value was re-estimated to be $3,000. Determine the new amount of depreciation henceforth. a) $6,962.50 b) $7,103.50 c) $6,862.50 d) $7,062.50