Brief Exercise 9-13 *) Your answer is incorrect. Try again. Sandhill Chemicals Company acquires a delivery truck at a cost of $37,000 on January 1, 2022. The truck is expected to have a salvage value of $3.500 at the end of its -year el life. Assuming the declining-balan depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining balance method First Year Second Year Annual depreciation under declining balance method 16000 9600 LINK TO TEXT Question Attempt of sused SAVE POR LATER SUBMIT A Wer TY I 2000-2020 Sohn Wiley & Sons, Inc. Al Rights Reserved. A Division of John W Inc