Ivanhoe Pants Company acquires a delivery truck on April 6, 2021, at a cost of $34,000. The truck is expected to have a residual value of $3,600 at the end of its 4-year useful life. Assume that the company has a policy of recording a half-year's depreciation in the year of acquisition and a half-year's depreciation in the year of disposal. Using the double diminishing-balance method, calculate the depreciation expense for each year of the equipment's life. Depreciation - 2021 $ Depreciation - 2022 $ Depreciation - 2023 $ Depreciation - 2024 $ 1