Weller Company acquires a delivery truck at a cost of $73,100. The truck is expected to have a salvage value of $7,500 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.

Annual depreciation under the declining-balance method for both year 1 and year 2