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. what is the revised depreciation expense for 2018? a. $150,000 b. $ 60,000 c. $ 75,000 d. $112,500

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

answer; (a) calling people who have not shown interest in the product and asking them to buy it;