A Company Purchased a Computer on January 1, 2019 for $40,000

Multiple Choice

A company purchased a computer on January 1, 2019 for $40,000 cash. The computer is estimated to have a 5 year useful life, and no salvage value. On January 1, 2020, due to obsolescence, the computer is estimated to have only 2 years of remaining useful life, and the estimated salvage value after the 2 remaining years will be $4,000.
Assuming straight line depreciation, the amount of depreciation expense to be recorded on December 31, 2020 will be:

A) $16,000
B) $12,000
C) $20,000
D) $14,000