In 2010, Blanton Company Bought Equipment with a Cost of $160,000

In 2010, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It 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. The depreciation expense for 2014 is

A) $11,636
B) $16,000
C) $11,000
D) $8,000