Management should select the depreciation method that Select one: a. is easiest to apply Ob. best measures the plant asset's contribution to revenue over its useful life c. best measures the plant asset's market value over its useful life Od. has been used most often in the past by the company Jack's Copy Shop bought equipment for $240,000 on January 1, 2023. Jack estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2024, Jack decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2024? Select one: a. $80,000 b. $60,000 c. $40,000 d. $32,000