Multiple Choice
In 2013,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 four years.Due to obsolescence,it was determined at the beginning of 2017 that the useful life should be shortened by three years and the residual value changed to zero.The depreciation expense for 2017 is
A) $11,636.
B) $16,000.
C) $11,000.
D) $8,000.
Correct Answer:

Verified
Correct Answer:
Verified
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