2. Hanoz Corporation purchases a delivery vehicle for $15,000. The vehicle has a salvage value of $3,000 and is expected to be driven for eight years. Hanoz Corporation uses the straight-line depreciation method. a. Calculate the annual depreciation expense. b. After three years of recording depreciation, Hanoz Corporation determines that the delivery vehicle will only be useful for another three years and that the salvage value will increase to $4,000. Determine the depreciation expense for the final three years of the asset's life and create the journal entry for year four