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Rranscript Claxton, Inc. purchased a van on January 1, 2024, for $890,000. Estimated life of the van was five years, and its estimated residual value

Rranscript Claxton, Inc. purchased a van on January 1, 2024, for $890,000. Estimated life of the van was five years, and its estimated residual value was $99,000. Claxton uses the straight-line method of depreciation. At the beginning of 2026, the company revised the total estimated life of the asset from five years to four years. The estimated residual value remained the same as estimated earlier Calculate the depreciation expense for 2026 OA. $237,300 COB. $118,650 OC. $286,800 OD. $143,400 +

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