The Weiss Company purchased a truck for $95,000 on January 2, 2011. The truck was estimated to have a $3,000 salvage value and a four-year life. The truck was depreciated using the straight-line method. During 2013, it was obvious that the truck's total useful life would be six years rather than four and the salvage at the end of the sixth year would be $1,500. Determine the depreciation expense for the truck for the six years of its life.
$\begin{array}{|l|l|}
\hline {\text { Year }} & \text { Depreciation Expense } \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline 2014 & \
\hline 2015 & \
\hline 2016 & \
\hline
\end{array}$

Question

The Weiss Company purchased a truck for $95,000 on January 2, 2011. The truck was estimated to have a $3,000 salvage value and a four-year life. The truck was depreciated using the straight-line method. During 2013, it was obvious that the truck's total useful life would be six years rather than four and the salvage at the end of the sixth year would be $1,500. Determine the depreciation expense for the truck for the six years of its life.
 $\begin{array}{|l|l|}
\hline {\text { Year }} & \text { Depreciation Expense } \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline 2014 & \
\hline 2015 & \
\hline 2016 & \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of The Weiss Company purchased a truck for $95,000 on January 2, 2011. The truck was estimated to have a $3,000 salvage value and a four-year life. The truck was depreciated using the straight-line method. During 2013, it was obvious that the truck's total useful life would be six years rather than four and the salvage at the end of the sixth year would be $1,500. Determine the depreciation expense for the truck for the six years of its life.
 $\begin{array}{|l|l|}
\hline {\text { Year }} & \text { Depreciation Expense } \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline 2014 & \
\hline 2015 & \
\hline 2016 & \
\hline
\end{array}$

The Weiss Company Purchased a Truck for $95,000 on January