10. Uowney Company bought a delivery truck for $02,000 on January 1, 20033. I hey Installed a rear hydraulic lift for $0,000 and paid sales tax of $3,000. In addition, Downey paid $2,400 for a oneyear insurance policy. They estimate the useful life of the truck to be 10 years and its residual value to Joe $8,000. If Downey uses the double decliningbalance method, howlr much is the trucks depreciation expense tor2000? $11,080 $12,144 $10400 $11300