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The Weiss Company purchased a truck for $95, 000 on January 2, 2008. The truck was estimated to have a $3, 000 salvage value and
The Weiss Company purchased a truck for $95, 000 on January 2, 2008. The truck was estimated to have a $3, 000 salvage value and a 4-year life. The truck was depreciated using the straight-line method. During 2010, it was obvious that the truck's total useful life would be 6 years rather than 4 and the salvage at the end of the 6th year would be $1, 500. Determine the depreciation expense for the truck for the 6 years of its life
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