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Blossom Chemicals Company acquires a delivery truck at a cost of $$38,000$ on January $1,2027.$ The truck is expected to have a salvage value of $$4,000$ at the end of its $5-$year useful life.

Compute annual depreciation for the first and second years using the straight$-$line method.

Year $1$

Annual depreciation expense

eTextbook and Media

Year $2$

$

Attempts: $0$ of $3$ used