11. Morgan Corporation purchased a depreciable asset for $400,000 on January 1, 2012. The estimated salvage value is $40,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2015 (the beginning of the 4th year), Morgan changed its estimates to a total useful life of 5 years with a salvage value of $60,000. What is 2015 depreciation expense?

A. $110,000

B. $40,000

C. $120,000

D. $60,000