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5. Assume that a Waste Management garbage truck costs $80,000. The truck is purchased on January 1, 2022. The actual service life is 5 years,

5. Assume that a Waste Management garbage truck costs $80,000. The truck is purchased on January 1, 2022. The actual service life is 5 years, and the salvage value is $10,000. If the company incorrectly applies a salvage value of $25,000 and assumes a service life of 8 years, by how much will depreciation expense for this truck be underestimated in 2022? (Straight line depreciation) //// My question is do you divide the correct depreciation by 5 and the incorrect by 8 or do you divide both by 8

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