Current Attempt in Progress Ivanhoe Chemicals Company acquires a delivery truck at a cost of $31,800 on January 1, 2025. The truck is expected to have a salva value of $4,800 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method. Annual depreciation under straight-line method $ First Year LA Second Year

Curent Attempt in Progress Ivanhoe Chemicals Company acquires a delivery truck at a cost of $31,800 on January 1,2025 . The truck is expected to have a saly value of $4,800 at the end of its 4 -year useful life. Computeannuat depreciation for the first and second years using the straight-line metffod. Curent Attempt in Progress Ivanhoe Chemicals Company acquires a delivery truck at a cost of $31,800 on January 1,2025 . The truck is expected to have a saly value of $4,800 at the end of its 4 -year useful life. Computeannuat depreciation for the first and second years using the straight-line metffod