This company purchased a semi truck at the beginning of 2019 at a cost of $100,000. The truck straight- estimated life of 5 years, an estimated residual value of $20,000, and will be depreciated using the stra line method. On January 1, 2021, the company made major repairs of $30,000 to the truck that extended life years. Thus, starting with 2021, the truck has a remaining life of 5 years and a new salvague an ight- 2 value of 8,000. Refer to Tripp Trucking Company. What is the truck's book value at December 31, 2021? a. $68,000 1. $98,000 c. $80,000 d. $62,000 Refer to Tripp Trucking Company. What amount should be recorded as depreciation expense each year starting in 2021? a. $16,000 b. $18,000 c. $13,600 d. $12,400 2