View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Kingbird, Inc. acquires a delivery truck at a cost of $61,000 on January 1, 2022. The truck is expected to have a salvage value of $3,900 at the end of its 5-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. Year 1 Year 2 Annual depreciation expense $ 30500 ta 15250 e Textbook and Media