Crane$$Chemicals Company acquires a delivery truck at a cost

of $$20,200$on January $1,2022.$ The truck is expected to have a

salvage value of $$4,200$at the end of its$4-$year useful

life.

Compute annual depreciation for the first and second years using

the straight$-$line method.

$$First YearSecond YearAnnual depreciation under straight$-$line method$$$$