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Sheridan Ltd . purchased a delivery truck on January 1 , 2 0 2 4 , at a cost of $ 9 4 , 0

Sheridan Ltd. purchased a delivery truck on January 1,2024, at a cost of $94,000. The truck is expected to have a residual value of $9,400 at the end its 4-year useful life. Sheridan has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to do
(a)
Calculate the depreciation for each year of the truck's life.
\table[[,Depreciation Expense,],[2024,$,],[2025,$,],[2026,$,],[2027,$,]]
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