Don's Copy Shop Bought Equipment for $90,000 on January 1

Multiple Choice

Don's Copy Shop bought equipment for $90,000 on January 1, 2009. 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, 2010, Don decides that the business will use the equipment for 5 years. What is the revised depreciation expense for 2010?

A) $30,000
B) $12,000
C) $15,000
D) $22,500