Blossom Ltd. purchased a delivery truck on January 1, 2021, at a cost of $74,320. The truck is expected to have a residual value of $8,010 at the end of its 4-year useful life. Blossom has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Your answer is partially correct. Calculate the depreciation for each year of the truck's life. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 37160 2021 $ $ 2022 $ 18580 2023 $ $ 9290 2024 $ $ 4645 eTextbook and Media Save for Later Attempts: unlimited Submit