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Carla Vista Ltd. purchased a delivery truck on January 1, 2021, at a cost of $87,440. The truck is expected to have a residual value

Carla Vista Ltd. purchased a delivery truck on January 1, 2021, at a cost of $87,440. The truck is expected to have a residual value of $7,240 at the end of its 4-year useful life. Carla Vista has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Calculate the depreciation for each year of the trucks life. (Round answers to 0 decimal places, e.g. 5,275.) Depreciation expense 2021 $enter a dollar amount 2022 $enter a dollar amount 2023 $enter a dollar amount 2024 $enter a dollar amount . answer in 5 minutes.

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