On January 1, 2013, Santo Company purchased a computer system for $30,500. The system had an estimated useful life of 5 years and no salvage value. At January 1, 2015, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2015 and 2016? Karley Company sold equipment on July 1, 2015 for $80.000. The equipment had cost $210.000 and had $120.000 of accumulated depreciation as of January 1, 2015. Depreciation for the first 6 months of 2015 was $12,000