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Don's Copy Shop bought equipment for $150,000 on January 1,2019. Don estimated the useful life to be 3 years with no residual value, and the

Don's Copy Shop bought equipment for $150,000 on January 1,2019. Don estimated the useful life to be 3 years with no residual value, and the straight-line method of depreciation will be used. On January 1, 2020. Don decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2020? 

a. $50,000 

b. $37,500 

c. $25,000 

d. $20,000

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