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 Year Second Year Annual depreciation under straight-line method $ Blossom Chemicals Company acquires a delivery truck at a cost of $31.000 on January 1, 2022. The truck is expected to have a salvage value of $2000 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 years under the declining balance method. First Year Second Year Annual depreciation under declining balance method $ $