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In 2012, Blanton Company Bought Equipment with a Cost of $160,000

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In 2012, 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 4 years.Due to obsolescence, it was determined at the beginning of 2016 that the useful life should be shortened by 3 years and the residual value changed to zero.The depreciation expense for 2016 is

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Definitions:

Lithosphere

The rigid outer layer of the Earth, consisting of the crust and upper mantle, involved in plate tectonics movements.

Crust Thickness

The measure of the Earth's outermost layer's depth, which varies between oceanic and continental regions.

Crust Composition

The chemical and physical composition of the Earth's crust, including elements such as oxygen, silicon, aluminum, and iron.

Crust Density

A measure of the density of the Earth's crust, varying based on composition and the type of rock, impacting plate tectonics and geographical formations.

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