Wildhorse Co. incurs these expenditures in purchasing a truck: cash price $24,400, accident insurance (during use) $2,500, sales taxes $1,098, motor vehicle license $510, and painting and lettering $1,850. What is the cost of the truck? Cost of the truck $ Oriole Chemicals Company acquires a delivery truck at a cost of $20,800 on January 1,2025 . The truck is expected to have a salvage value of $3,400 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method