On January 1, 2009, a corporation purchased a truck that cost $20,000. It is being depreciated on a straight line basis over 6 years, with a $2,000 residual value. At the end of 2010, it is determined that the useful life should total 14 years and the residual value should be zero. What is the 2011 depreciation expense?
A) $1,000
B) $600
C) $1,200
D) $900
Correct Answer:
Verified
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