Don's Copy Shop bought equipment for $90,000 on January 1, 2009. 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, 2010, Don decides that the business will use the equipment for 5 years. What is the revised depreciation expense for 2010?

Question 3 options:

1)

$12,000

2)

$30,000

3)

$15,000

4)

$22,500