IvanhoeChemicals Company acquires a delivery truck at a cost of $20,600on January 1, 2022. The truck is expected to have a salvage value of $3,600at the end of its5-year useful life.

Compute annual depreciation for the first and second years using the straight-line method.

First Year

Second Year

Annual depreciation under straight-line method$

enter the depreciation for the first year rounded to 0 decimal places in dollars

$

enter the depreciation for the second year rounded to 0 decimal places in dollars