A company acquired the tollowing assets a Conveyor, 7-year uselul ide $34,000 cost, straight ine method, $5,500 expectod resudual value b Truck, 3 year useful ite, $20,000 cost, DDB method, $1.100 expectod residual value Requirement 1. Compute the first 3 years of depreciation for each asset Requirement 1. Compute the first 3 years of depreciation for each asset Start by solocting the formula you will need to compute annual dopreciation under each of the melthods s Annual straight-line depreciation : Annual DDB depreciation Now, computo depreciation for each year under the straight-line method and then the DDB method (Do not round internm calculations nearest whole dollar) Round your inal answet to thw Annual Straight-Line Depreciation Annual DDB Depreciation Year 1 Year 2 Year 3