Shediac Bay Marina Has a September 30 Year End

Shediac Bay Marina has a September 30 year end. On August 15, 2014, it purchased a new marine crane to assist it with the autumn pull out of the boats in the marina. The physical life of the crane is expected to be 15 years, but Shediac plans to keep the crane for only 10 years and then trade it in for a newer model. The original cost of the crane is $50,000. The amount of depreciation that Shediac should show in its financial statements for the year ended September 30, 2014 is

A) $3,333.
B) $5,000.
C) $ 417.
D) $ 625.