Fantasyland Company Purchased Equipment with a Cost of $190,000, with an Estimated

Multiple Choice

Fantasyland Company purchased equipment with a cost of $190,000, with an estimated residual value of $10,000, and an estimated life of 15 years. After 5 full years of recording depreciation by the straight-line method, it was determined that due to obsolescence, the equipment's useful life should be reduced by 5 years and the residual value changed to zero.
The depreciation expense for Year 6 is:

A) $11,000
B) $22,000
C) $20,000
D) $26,000