View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect Cullumber Chemicals Company acquires a delivery truck at a cost of $37,000 on January 1, 2022. The truck is expected to have a salvage value of $5,000 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 $ e Textbook and Media Save for Later Attempts: 2 of 3 used Submit