Buckingham Ltd. purchased a delivery truck on January 1, 2021, at a cost of $80,000. The truck is expected to have a residual value of $8,000 at the end of its 4-year useful life Buckingham Pasa December 31 year end. Use the diminishing balance method and assume the depreciation rate is equal to double the straight-line rate. Calculate the depreciation for each year of the truck's life. (Round wwers to decimos a: 5,275) Depreciation expense 2021 5 2022 $ 2023 2024 $