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i dont think i did this right 40,000 1. Shelby Co purchased a Forklift on February 29 2015. The Forklift cost $40,000 and it was

image text in transcribedi dont think i did this right
40,000 1. Shelby Co purchased a Forklift on February 29 2015. The Forklift cost $40,000 and it was estimated that it would have a 6 year useful life with $5,000 salvage value. At the end of the 2017 year, it was identified that the actual useful life for the forklift was 10 years. a. What is the depreciation expense for 2015? 15 -5,000 835,000 b. What is the depreciation expense for 2018? 40,000 - 5,000 23,333.33/10 2,333,33 35,000 - 11,666.661 = 5,633.33 for the CC avand modicare

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