1.Martinez Company acquires a delivery truck at a cost of $ 62,000 on January 1, 2022. The truck is expected to have a salvage value of $ 3,000 at the end of its 5-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.

2.compute the depreciation for each year 1 and year 2