Sheridan Chemicals Company acquires a delivery truck at a cost of $39.900 on January 1, 2022. The truck is expected to have a salvage value of $2,300 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight- line rate, compute annual depreciation for the first and second years under the declining-balance method. First Year Second Year $ Annual depreciation under declining balance method