1 pts Question 16 Ford Co placed a new engine on January 1, 2013 in a truck that was purchased on January 1, 2008 at a cost $120,000. The truck had a salvage value of $30,000 and an expected life of 9 years. The replacement engine cost $35,000 and will extend the life of the truck till December 31, 2018 and increase the salvage value to $24,000. The company uses straight line depreciation. Which of the following is true? O All the other answers are wrong The new depreciation for the truck would be $11,000 per year The new depreciation for the truck would be $12,000 per year O The new depreciation for the truck would be $15,000 per year O The new depreciation for the truck would be $14,000 per year