Question 4 (2 points) Crane Company bought equipment for $120000 on January 1, 2016. Crane estimated the useful life to be 10 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017 Crane decides that the business will use the equipment for a total of 11 years. What is the revised depreciation expense for 2017? a) $10800 b) $12000 c) $5400 d) $9818