Blanton Company Bought Equipment on January 1,2012 with a Cost

question 10

Multiple Choice

Blanton Company bought equipment on January 1,2012 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.What is the accumulated depreciation at the end of 2015?

• A)$42,667
• B)$32,000
• C)$40,000
• D)$8,000

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