The Weiss Company purchased a truck for $95,000 on January 2, 2008. 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. During 2010, 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.
$$\begin{array} { | l | l | }
\hline \text { Year } & \text { Depreciation expense } \
\hline 2008 & \
\hline 2009 & \
\hline 2010 & \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline
\end{array}$$

Question

The Weiss Company purchased a truck for $95,000 on January 2, 2008. 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. During 2010, 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.
 $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Depreciation expense } \
\hline 2008 & \
\hline 2009 & \
\hline 2010 & \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The Weiss Company purchased a truck for $95,000 on January 2, 2008. 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. During 2010, 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.
 $$\begin{array} { | l | l | } 
\hline \text { Year } & \text { Depreciation expense } \
\hline 2008 & \
\hline 2009 & \
\hline 2010 & \
\hline 2011 & \
\hline 2012 & \
\hline 2013 & \
\hline
\end{array}$$

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