Blanton Company bought equipment on January 1, 2010 with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2014 that the useful life should be shortened by 3 years and the residual value changed to zero. What is the accumulated
depreciation at the end of 2013?
a. $42,667
b. $32,000
c. $40,000
d. $8,000
b
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A. without notice that any party has any defense against it or claim in recoupment to it. B. with notice that it is overdue or has been dishonored. C. with notice of any claim of a property or possessory interest in it. D. without notice that the instrument contains an authorized signature.
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