Yoshi Company completed the following transactions and events involving its delivery trucks. 2015 Jan. 1 Paid $23,515 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year life and a $2,150 salvage value. Delivery truck costs are recorded in the Trucks account. Dec. 31 Recorded annual straight-line depreciation on the truck. 2016 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. 2017 Dec. 31 Recorded annual straight-line depreciation on the truck. Dec. 31 Sold the truck for $5,500 cash Calculate depreciation for year 2016 Total cost Less accumulated depreciation (from 2015) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for 2016