Brief Exercise 9-13 Gordon Chemicals Company acquires a delivery truck at a cost of $39,700 on January 1 2017 The truck is expected to have a sa a evalue of $2200 at the end of 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 First Year Second Year Annual depreciation under declining-balance method