Ron's Quik Shop Bought Equipment for $70,000 on January 1

Multiple Choice

Ron's Quik Shop bought equipment for $70,000 on January 1, 2013. Ron estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2014, Ron decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2014?

A) $11,200.
B) $5,600.
C) $9,333. d $14,000.