Brief Exercise 10-06 Ayayal Company acquires a delivery truck at a cost of $61,000. The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Assuming the...

Please answer question correctly


Extracted text: Brief Exercise 10-06 Ayayal Company acquires a delivery truck at a cost of $61,000. The truck is expected to have a salvage value of $6,000 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. Year 1 Annual depreciation expense Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER