Dow Company Dow Company purchased a dump truck at the beginning of 2008 at a cost of $100,000. The truck had an estimated life of 5 years and an estimated residual value of $20,000. On January 1, 2010, the company made major repairs of $30,000 to the truck that extended the life 3 years. Thus, starting with 2010, the truck has a remaining life of 5 years and a new salvage value of $8,000. Dow uses the straight- line depreciation method. Refer to Dow Company. What amount should be recorded as depreciation expense each year starting in 2010