2 of 4 < > View Policies -/1 1 Current Attempt in Progress Pharoah Ltd. purchased a delivery truck on May 1, 2021, at a cost of $81,720. The truck is expected to have a residual value of $8,080 at the end of its 4-year useful life. Pharoah has a December 31 year end. Calculate the depreciation expense using the diminishing- balance method for 2021 and 2022. Assume the depreciation rate is equal to one time the straight-line rate. (Round answers to 0. decimal places, eg. 5,275) 2021 $ 2022 $ Depreciation expense eTextbook and Media. Save for Later Attempts: 0 of 3 used Submit