Additional Exercise 8.3 Apex Chemicals Ltd acquires a delivery truck at a cost of $38,400 on 1 January 2016. The truck is expected to have a salvage value of $4,700 at the end of its 6-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. (Round your computations (including the rate) and answers to 0 decimal places, e.g. 5,275.) $ First-year depreciation Second-year depreciation Click if you would like to Show Work for this question: Open Show Work