Sheffield Towing Company purchased a tow truck for $194000 on January 1, 2020. It was driginally...

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Sheffield Towing Company purchased a tow truck for $194000 on January 1, 2020. It was driginally depreciated on a straight-line basis over 10 years with an assumed salvage value of $39000. On December 31, f022, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2022) and the salvage value to $5000. What was the depreciation expense for 2022? 0 $15600 O 148500 O $39500 O $19500 Save for Later Attempts 0 of 1 used Submit Ar Sheffield Towing Company purchased a tow truck for $194000 on January 1, 2020. It was driginally depreciated on a straight-line basis over 10 years with an assumed salvage value of $39000. On December 31, f022, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2022) and the salvage value to $5000. What was the depreciation expense for 2022? 0 $15600 O 148500 O $39500 O $19500 Save for Later Attempts 0 of 1 used Submit Ar