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6-6 Suppose that the Farmers decided in 20x4 that they would keep the truck a year longer than they originally thought and will trade it and buy a new truck in 20x7. The salvage value will be $2,000 in 20x7. Calculate the revised amount of depreciation expense that they should record in 20X4, 20X5, and 20X6. 6-6 Suppose that the Farmers decided in 20x4 that they would keep the truck a year longer than they originally thought and will trade it and buy a new truck in 20x7. The salvage value will be $2,000 in 20x7. Calculate the revised amount of depreciation expense that they should record in 20X4, 20X5, and 20x6. L K 1 6-4. a. Calculate the amount of depreciation expense for one year for the build-ings and improvements listed below if the buildings have an average estimated life of 20 years and the improvements have an average estimated life of 10 years with no salvage value. Use the straight-line method. 2 3 Bulldings: Cost = $125,000 4 Improvements: Cost = $62,500 5 b. Use the activity method and calculate depreciation expense on the Farmers' truck for 20x2 and 20x3. They drove the truck 24,500 miles in 20x2 and 22,600 miles in 20x3. 6-6 Suppose that the Farmers decided in 20x4 that they would keep the truck a year longer than they originally thought and will trade it and buy a new truck in 20x7. The salvage value will be $2,000 in 20x7. Calculate the revised amount of depreciation expense that they should record in 20X4, 20X5, and 20X6. 6-6 Suppose that the Farmers decided in 20x4 that they would keep the truck a year longer than they originally thought and will trade it and buy a new truck in 20x7. The salvage value will be $2,000 in 20x7. Calculate the revised amount of depreciation expense that they should record in 20X4, 20X5, and 20x6. L K 1 6-4. a. Calculate the amount of depreciation expense for one year for the build-ings and improvements listed below if the buildings have an average estimated life of 20 years and the improvements have an average estimated life of 10 years with no salvage value. Use the straight-line method. 2 3 Bulldings: Cost = $125,000 4 Improvements: Cost = $62,500 5 b. Use the activity method and calculate depreciation expense on the Farmers' truck for 20x2 and 20x3. They drove the truck 24,500 miles in 20x2 and 22,600 miles in 20x3