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please help! will thumbs up On January 1, 2024. Runolfsson Lid purchased a dellvery truck at a cost of $370,000. The delivery lruck is expected

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On January 1, 2024. Runolfsson Lid purchased a dellvery truck at a cost of $370,000. The delivery lruck is expected to last for 10 years with a residual value of $40,000 Runolisson Ltd uses the sum-of-the-years'-digits method to calculate depreciation. How much depreciation expense should Runolisson Ltd report in 2024 and 2025 ? What is the book value of the equipment on December 31, 2024 and December 31,20257 [8 points]

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