Multiple Choice
In 2012, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years.It was depreciated by the straight-line method for 4 years.Due to obsolescence, it was determined at the beginning of 2016 that the useful life should be shortened by 3 years and the residual value changed to zero.The depreciation expense for 2016 is
A) $11,636
B) $16,000
C) $11,000
D) $8,000
Correct Answer:
Verified
Correct Answer:
Verified
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