The Tinseltown Theatre purchased a new projector costing $123,000 on January 1, 2017. The projector is estimated to last four years or 100,000 projection hours after which it will be obsolete and have a salvage value of $6,000 as a collectors' item. What is the depreciation expense for 2017 using the units of activity method if the Theatre used the projector for 23,000 projection hours during the year. A. $26,910 B. $29,250 C. $30,750 D. $28,290 Reset Selection