Current Attempt in Progress Bridgeport Company had the following two transactions related to its delivery truck 1. Pald $270 for an oil change 2 Paid $2,000 to Install special gear unit, which increases the operating ethiciency of the truck Prepare Bridgeport's journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit No Account Titles and Explanation 1 2 Martinez Company acquires a delivery truck at a cost of $60.000. The truck is expected to have a salvage value of $14.000 at the end of its 10-year useful life, Compute annual depreciation expense for the first and second years using the straight-line method. Year 1 Year 2 Annual depreciation expense $ Current Attempt in Progress Grouper Company acquires a delivery truck at a cost of $77.000. The truck is expected to have a salvage value of $7,000 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. Year 1 Year 2 Annual depreciation expense $ On January 1, 2020, the Bridgeport Company ledger shows Equipment $38,000 and Accumulated Depreciation--Equipment $9.400. The depreciation resulted from using the straight-line method with a useful life of 12 years and salvage value of $2,900. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation Revised annual depreciation $