The Oberon Company purchased a delivery truck for $95,000 on January 2.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.At the beginning of the third year,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.
$$\begin{array} { | l | l | }
\hline \text { Year } & \text { Depreciation expense } \
\hline 1 & \
\hline 2 & \
\hline 3 & \
\hline 4 & \
\hline 5 & \
\hline 6 & \
\hline
\end{array}$$

Question

The Oberon Company purchased a delivery truck for $95,000 on January 2.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.At the beginning of the third year,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.
 $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Depreciation expense } \
\hline 1 & \
\hline 2 & \
\hline 3 & \
\hline 4 & \
\hline 5 & \
\hline 6 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The Oberon Company purchased a delivery truck for $95,000 on January 2.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.At the beginning of the third year,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.
 $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Depreciation expense } \
\hline 1 & \
\hline 2 & \
\hline 3 & \
\hline 4 & \
\hline 5 & \
\hline 6 & \
\hline
\end{array}$$

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