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An asset was purchased for $149,000 on January 1, Year 1, and was originally estimated to have a useful life of 11 years with a residual value of $11,500. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,200. Compute the third-year depreciation expense using the revised amounts and straight-line method.

a.$29,450.00

b.$30,450.00

c.$31,450.00

d.$30,950.00