Question $1[4$ points$]$

On September $1,2023,$ Gulf Corp. purchased new trucks for $$202,000.$ The trucks were expected to last ten years and have a residual value of $$10,000.$

Calculate depreciation expense for $2023$ and $2024$ to the nearest month using the straight$-$line method, and the double$-$declining$-$balance method. Corp. has a December $31$ year$-$end. Round final calculations to the nearest dollar. For simplicity, assume the truck is depreciated as an individual ite and will not be broken down into its parts and depreciated.

$\backslash$table$[[$Year Straight$-$Line Double$-$Declining$-$Balance$],[2023],[2024]]$