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Cullumber Ltd. purchased a delivery truck on January 1,2024, at a cost of $86,000. The truck is expected to have a residual value of $8,600

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Cullumber Ltd. purchased a delivery truck on January 1,2024, at a cost of $86,000. The truck is expected to have a residual value of $8,600 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

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