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need help, will thumb up if correct Ivanhoe Ltd. purchased a delivery truck on January 1,2024, at a cost of $88,000. The truck is expected

need help, will thumb up if correct
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Ivanhoe Ltd. purchased a delivery truck on January 1,2024, at a cost of $88,000. The truck is expected to have a residual value of $8,800 at the end of its 4 -year useful life. Ivanhoe has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Calculate the depreciation for each year of the truck's life

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