Tidy Corporation Purchased a Depreciable Asset for $1,560,000 on January

Multiple Choice

Tidy Corporation purchased a depreciable asset for $1,560,000 on January 1, 2018. The estimated salvage value is $120,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. On January 1, 2021, Tidy changed its estimates to a total remaining useful life of 8 years with a salvage value of $200,000.
What is 2018 depreciation expense?

A) $110,000
B) $160,000
C) $200,000
D) $240,000