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Bramble Company acquires a delivery truck at a cost of $62,000 on January 1, 2022. The truck is expected to have a salvage value of

Bramble Company acquires a delivery truck at a cost of $62,000 on January 1, 2022. The truck is expected to have a salvage value of $17,000 at the end of its 10-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method.

Year 1

Year 2

Annual depreciation expense

$enter a dollar amount $enter a dollar amount

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