On January 1,2022 , the Speedy Delivery Company purchased a truck for $50,000. At the end of its 4 -year service life, it is estimated that the truck will be worth $8,000 Cost Calculate annual depreciation for the 4-year life of the truck using each of the following methods. \begin{tabular}{l|l|l|l|l|} \hline \multicolumn{1}{|c|}{} & Year & Straight-Line & Double-Declining Balance & Sum-of-the-years digits \\ \hline Hint: Use the SLN, DDB, and SYD functions. & 1 & & & \\ \hline & 4 & & \\ \hline \end{tabular}