2. Beta Corp bought equipment in 1/1/14 for $40,000. The equipment was depreciated over 5 years using straight line method with a residual value of $4,000. On January 1, 2016 it was determined that the lifie of the equipment should have been 10 years with a residual value of $1800. Using straight line, what is depreciation in 2016. Assume instead that the corporation switches to sum of the years digits in 2016. The new life is still 10 years with an $1800 residual value. what is depreciation in 2016