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Ivanhoe Chemicals Company acquires a delivery truck at a cost of $ 3 6 , 2 0 0 on January 1 , 2 0 2

Ivanhoe Chemicals Company acquires a delivery truck at a cost of $36,200 on January 1,2025. The truck is expected to have a salvage value of $4,700 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.
\table[[Annual depreciation under declining-balance method $
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