Business, 16.04.2020 23:00 jaylaa04

Blanton Company purchased a delivery truck at a cost of $40,000 on January 1. The truck has an estimated residual value of $1,000 and an estimated life of 10 years. At the end of two years of service, Blanton reevaluated the tractor’s useful life. They decided that the useful life should be extended an additional two years. If the company uses straight-line depreciation, what amount would be recorded as the depreciation expense each year, beginning with the third year?

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Blanton Company purchased a delivery truck at a cost of $40,000 on January 1. The truck has an estim...

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