Current Attempt in Progress Wildhorse Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2025. The truck is expected to have a salvage value of $3,000 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 eTextbook and Media eTextbook Video First Year Second Year Assistance Used

Wildhorse Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1,2025 . The truck is expected to have a salvage value of $3,000 at the end of its 4 -year useful life. Compute annual depreciation for the first and second years using the straight-line method