Answer:
The correct answer is C.
Explanation:
Giving the following information:
Don's Copy Shop bought equipment for $450,000 on January 1, 2017. Don estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2018, Don decides that the business will use the equipment for a total of 5 years.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (450,000/3)= 150,000
Accumulated depreciation= 150,000
New depreciation= 300,000/4= $75,000
