Your answer is partially correct. Try again. Corales Company acquires a delivery truck at a cost of $77,000. The truck is expected to have a salvage value of $7,000 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 X Annual depreciation expense $ 30800 2800