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Stellar delivery service had the following transaction related to in delivery truck: Purchased for $32, 500 cash a new delivery truck with an estimated useful

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Stellar delivery service had the following transaction related to in delivery truck: Purchased for $32, 500 cash a new delivery truck with an estimated useful life of five years and a $6, 850 salvage value Paid $600 for painting the company name and logo on the truck Recorded depreciation on the truck for the year Installed air conditioning in the truck at a cost of $1, 805 cash. Although the truck's estimated useful life was unaffected, its estimated salvage value was increased by $400 Paid $450 for truck tone-up and safety inspection. Recorded depreciation on the truck for the year. Installed a set of force and rear bumper guards at cost of $145 cash Recorded depreciation on the truck for the year. Recorded depreciation on the truck for the year. Stella's depreciation policies include using straight line depreciation. recording depreciation to the nearest whole month and expensing all truck expenditures of $ 150 or less

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