13 3 pts Bulls, Inc. purchases a truck for $300,000 on 1/1/2004. At the time of the purchase they expect that the truck will have a useful life of 10 years and assume a $25,000 salvage value. They depreciate the truck using the double declining balance method. On 1/1/2007 they switch to the straight line method, revise the salvage value to $20,000 and change the useful life estimate so that now they expect that the asset will continue to last for 10 more years (useful life will end on 12/31/2016). On 6/30/2009 they sell the truck for $200,000 cash. What is the depreciation expense for 2006? Edit View Insert Format Tools