Don's Copy Shop Bought Equipment for $450,000 on January 1

Multiple Choice

Don's Copy Shop bought equipment for $450,000 on January 1, 2014. Don 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, 2015, Don decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2015?

A) $150,000
B) $ 60,000
C) $ 75,000
D) $112,500