Sheffield Company acquires a delivery truck at a cost of $42,000 on January 1, 2022. The truck is expected to have a salvage value of $11,000 at the end of its 8-year useful life.

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

		Year 1		Year 2
Annual depreciation expense		$enter a dollar amount		$enter a dollar amount