Brief Exercise 9-5 Your answer is partially correct. Try again. Ivanhoe Ltd. purchased a delivery truck on May 1, 2018, at a cost of $85,330. The truck is expected to have a residual value of $7,510 at the end of its 4-year useful life. Ivanhoe has a December 31 year end. Ivanhoe records depreciation to the nearest month. Calculate the depreciation expense using the straight-line method for 2018 and 2019. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 2018 19455 2019 19455 LINK TO TEXT