Question: Brief Exercise 7-4 X Your answer is incorrect. Try again. Teal Mountain Chemicals Company acquires a delivery truck at a cost of $30,800 on January

Brief Exercise 7-4 X Your answer is incorrect. Try again. Teal

Brief Exercise 7-4 X Your answer is incorrect. Try again. Teal Mountain Chemicals Company acquires a delivery truck at a cost of $30,800 on January 1, 2017. The truck is expected to have a salvage value of $3,700 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method. (Round answers to o decimal places, e.g. 125.) First Year Second Year Annual depreciation under straight-line method 27100 23400

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