6. On January 1, 2019 Madison Co. purchased a vehicle for $85,000 cash. The useful life is expected to be 8 years with an estimated salvage value of $5000. At the end of year 5, Keaubie decided to increase the useful life to 10 years (in total) and reduce the salvage value to $2000 a. Journalize the purchase b. Journalize year one's depreciation using the straight-line method c. What is the new depreciation amount beginning with year six? I Date Accounts 6 (a) Vehicle (b) Cash Ref. Debit Credit 85,000 85,000