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Blossom Chemicals Company acquires a delivery truck at a cost of $ 3 2 , 8 0 0 on January 1 , 2 0 2

Blossom Chemicals Company acquires a delivery truck at a cost of $32,800 on January 1,2025. The truck is expected to have a
salvage value of $4,200 at the end of its 4-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.
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