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Cullumber Ltd. purchased a delivery truck on January 1, 2021, at a cost of $74.160. The truck is expected to have a residual value of

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Cullumber Ltd. purchased a delivery truck on January 1, 2021, at a cost of $74.160. The truck is expected to have a residual value of $7.910 at the end of its 4-year useful life. Cullumber 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 truck's life. (Round answers to O decimal places, es 5.275.) Depreciation expense 2021 $ 2022 S 2023 $ 2024 $

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