Brief Exercise 9-13 Your answer is incorrect. Try again. Gordon Chemicals Company acquires a delivery truck at a cost of $35,700 on January 1, 2017. The truck is expected to have a salvage value of $4,100 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. First Year Second Year Annual depreciation under declining-balance method 19,900 4,100 LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by you instructor Question Attempts: 1 of 5 used