Corales company acquires a delivery truck at cost of 56,000. The truck is expected to have a salvage value of 6,000 at the end of its 5- year useful life . .Assuming the declining - balance depreciation rate is double the straight- line rate , compute annual depreciation for the first and second year under declining - balance method.

Annual depreciation expense year 1

Annual depreciation expense year 2 ( answered is 13,440) correct answer

I need help with year 1 ( my answer was 33,600)

Answer was incorrect .