Question 3 O/ 1 pts On January I, 2011, Lawton, In. purchased a delivery truck for $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was used 27,000 hours in 2011 and 26,000 hours in 2012. If Lawton uses the double-declining-balance method, what is depreciation expense for the year 2011? $2,400 S2.700 wer $4,800 S2.ooo Question 4 The effect of recording depreciation for the year is a(n): @ decrease in assets and a decrease in net income. decrease in net income and no change to assets. increase in assets and an increase in net income. decreasc in assets but no changc in owners' equity. S2, 700. 1/ 1 pts