Rabbit Company Purchased Equipment with a Cost of $570,000, with an Estimated

Multiple Choice

Rabbit Company purchased equipment with a cost of $570,000, with an estimated residual value of $30,000, 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) $33,000
B) $66,000
C) $60,000
D) $78,000