Compute straight$-$line depreciation.

BE$9\mathrm{.}4($LO $2$

Compute straight-line depreciation. BE9.4 (LON), AP Gordon Chemicals Company acquires a delivery truck at a cost of $31 on January l, 2025. The truck is expected to have a salvage value of $4,000 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method.