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

Essay

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.
$$\begin{array} { | l | l | } \hline \text { Year } & \text { Depreciation expense } \\\hline 1 & \\\hline 2 & \\\hline 3 & \\\hline 4 & \\\hline 5 & \\\hline 6 & \\\hline\end{array}$$