Blanton Company Bought Equipment with a Cost of $160,000,an Estimated

Multiple Choice

Blanton Company bought equipment with a cost of $160,000,an estimated residual value of $40,000,and an estimated life of 15 years was depreciated by the straight-line method for 4 years.Due to obsolescence,it was determined at the beginning of 2014 that the useful life should be shortened by 3 years and the residual value changed to zero.The depreciation expense for 2014 is

A) $11,636
B) $16,000
C) $11,000
D) $8,000