Yellow Limited Purchased an Asset 6 Years Ago for $75

Yellow Limited purchased an asset 6 years ago for $75 000.At that time it was deemed to have a residual value of $15 000 and estimated useful life of 6 years.After 4 years of use the asset was overhauled at a cost of $35 000.The overhaul extended the useful life of the asset by 4 more years but reduced its residual value to $7000.Assuming the straight-line method of depreciation is applied,calculate the depreciation expense in the year after the overhaul (rounded to the nearest dollar) ?

A) $8,000
B) $10,000
C) $8,800
D) $10,300
E) $10,500