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A company purchased a truck for $50,000 on January 1 of its first year. The...

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Accounting

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A company purchased a truck for $50,000 on January 1 of its first year. The truck was originally depreciated on a straight-line basis over 8 years with an estimated salvage value of $10,000. At the end of the fourth year, before year-end adjusting entries have been recorded, the company decided to revise the estimated life of the truck to a total of 6 years and to change its estimated salvage value to $2,000. How much depreciation expense should be recorded for the fourth year? $11,000 O $12,100 0 $8,250 $13,000 O $9,333

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