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Sheridan Ltd, purchased a delivery truck on January 1, 2021, at a cost of $86,560. The truck is expected to have a residual value of

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Sheridan Ltd, purchased a delivery truck on January 1, 2021, at a cost of $86,560. The truck is expected to have a residual value of $8,170 at the end of 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 double the straight-line rate. (a) Calculate the depreciation for each year of the truck's life. (Round answers to 0 decimal places, eg. 5,275 .)

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