Blossom Company acquires a delivery truck at a cost of $59,000 on January 1, 2022. The truck is expected to have a salvage value of $14,500 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method. Annual depreciation expense Year 1 Year 2

Blossom Company acquires a delivery truck at a cost of $59,000 on January 1,2022 . The truck is expected to have a salvage value of $14,500 at the end of its 5 -year useful life. Compute annual depreciation for the furst and second years using the straight-line method