Accounting for Plant Assets Stellar Delivery Service had the following transactions related to its delivery truck: Year 1 Mar. 1 Purchased for $65,000 cash a new delivery truck with an estimated useful life of five years and a $13,700 salvage value. Mar. 2 Paid $1,200 for painting the company name and logo on the truck. Dec. Recorded depreciation on the truck for the year. 31 Year 2 July 1 Sept 7 Dec. 31 Installed air conditioning in the truck at a cost of $3,616 cash. Although the truck's estimated useful life was unaffected, its estimated salvage value was increased by $800. Paid $450 for truck tune-up and safety inspection. Recorded depreciation on the truck for the year. Year 3 Sept 3 Installed a set of front and rear bumper guards at a cost of $145 cash. Dec. 31 Recorded depreciation on the truck for the year. Year 4 Dec. 31 Recorded depreciation on the truck for the year