Nanki Corporation purchased equipment on January 1, 2016, for $631,000. In 2016 and 2017, Nanki depreciated…

Nanki Corporation purchased equipment on January 1, 2016, for
$631,000. In 2016 and 2017, Nanki depreciated the asset on a
straight-line basis with an estimated useful life of eight years
and a $7,000 residual value. In 2018, due to changes in technology,
Nanki revised the useful life to a total of 4 years with no
residual value. What depreciation would Nanki record for the year
2018 on this equipment? (Round your answer to the nearest
dollar amount.)
Multiple Choice

$104,000.

$104,283.

$237,500.

None of these answer choices are correct.