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I 54 55 56 57 58 The December 31, 2020 balance sheet of Frost Company shows the following balances: 59 Truck 90,000 60 Accumulated depreciation:

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I 54 55 56 57 58 The December 31, 2020 balance sheet of Frost Company shows the following balances: 59 Truck 90,000 60 Accumulated depreciation: truck 55,000 61 62 63 On January 1, 2021, after a slight mishap, the company revises the estimates on this truck. 64 Revised remaining useful life 2 years 65 Revised salvage value 5,000 66 67 INSTRUCTIONS: Compute the revised annual depreciation expense for this equipment. 68 60 Sheet1 Sheet2 Sheet3

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