Splish Brothers Company purchased a delivery truck for $55,000 on January 1, 2020. The truck was assigned an estimated useful life of 5 years and has a residual value of $12,200. Compute depreciation expense using the double-declining-balance method for the years 2020 and 2021. Depreciation expense for 2020 Depreciation expense for 2021 $ $

Splish Brothers Company purchased a delivery truck for $55,000 on January 1, 2020. The truck was assigned an estimated useful life of 5 years and has a residual vadue of $12.200. Compute depreciation expense using the double-declining-balance method for the years 2020 and 2021 . Depreciation expense for 2020 Depreciation expense for 2021