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Aledo Manufacturing utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On January 2 nd , 2010, the
Aledo Manufacturing utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On January 2nd, 2010, the company purchased a semi-truck for $215,000 with a useful life of ten years and an estimated salvage value of $23,000. On January 1st, 2015, the company decided to extend the useful life to twelve years while decreasing the estimated salvage value to $21,000. What amount of depreciation expense did Aledo record for the year ended December 31st, 2015?
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