Current Attempt in Progress Ivanhoe Company purchased a delivery truck. The total cash payment was $23,994, including the following items. Calculate the cost of the truck and the operating costs of the truck. Cost of truck Operating costs Blue Spruce Company acquires a delivery truck at a cost of $82,000 on January 1,2022 . The truck is expected to have a salvage value of $3,000 at the end of its 4-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