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.

First Year

Second Year

Annual depreciation under declining$-$balance method