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Mays Corporation purchased a new truck on Janusry 1, Year 1 for $77.000 cash. The salvage value was estirratea to be $16.000 at the end

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Mays Corporation purchased a new truck on Janusry 1, Year 1 for $77.000 cash. The salvage value was estirratea to be $16.000 at the end of the useful life of 5 years. On January 1, Yenr 3 , Mays had to replace the engine of the truck paying 310 . Mays estimates that the truck will continue a productive life for ancther four years. The cormparyy uses the stralom/ire method Required: a) Calculate the depreclation expense for Year 3

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