Ivanhoe Pants Company acquires a delivery truck on April 6,2024 , at a cost of $34,000. The truck is expected to have a residual value of $6,800 at the end of its 4-year life. Ivanhoe uses the nearest month method to pro-rate depreciation expense. Calculate annual depreciation expense for the first and second years using straight-line depreciation, assuming Ivanhoe has a calendar year end. Depreciation 2024 Depreciation 2025$