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6-3. Using the straight-line method, calculate the amount of depreciation expense for each asset and prepare a schedule that would be included in the notes

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6-3. Using the straight-line method, calculate the amount of depreciation expense for each asset and prepare a schedule that would be included in the notes to the financial statements. Asset Truck Tractor Corn planter Barn Fences Cost $32,000 45,000 35,000 100,000 25,000 Salvage Value $5,000 3,000 0 6,000 0 Estimated life 6 years 14 years 15 years 30 years 20 years

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