Carla Vista Chemicals Company acquires a delivery truck at a cost of $ 1$ 32,400 on January 1, 2022. The truck is expected to have a salvage value of $ 2.400 at the end of its 4-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 $ e Textbook and Media Attempts: 1 of 5 used Submit Answer Save for Later