The Weiss Company purchased a truck for $95,000 on January 2,2011.The truck was estimated to have a $3,000 salvage value and a four-year life.The truck was depreciated using the straight-line method.During 2013,it was obvious that the truck's total useful life would be six years rather than four and the salvage at the end of the sixth year would be $1,500.Determine the depreciation expense for the truck for the six years of its life.
Definitions:
Racial Microaggressions
Unconsciously delivered snubs, dismissive looks, gestures, and tones directed toward people of color that are pervasive and automatic in daily conversations and interactions as well as cumulative and detrimental to the emotional well-being of the individual. They appear in the form of microassaults, microinsults, and microinvalidation.
Insidious Trauma
Trauma that develops slowly over time, often unrecognized by the individual, resulting from prolonged exposure to adverse conditions.
Ethnic Identity
The aspect of individuals' identity that relates to their ancestry, cultural heritage, language, and often the sense of belonging to a particular ethnic group.
Hyperarousal
Hyperarousal is a condition stemming from trauma, leading to an increased state of sensory sensitivity accompanied by an exaggerated intensity of behaviors presumed to have a protective purpose.
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