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Your answer is incorrect. Sheridan Pants Company acquires a delivery truck on April 6, 2021, at a cost of $36,000. The truck is expected to have a residual value of $5,600 at the end of its 4-year useful life. Assume that the company has a policy of recording a half year's depreciation in the year of acquisition and a half year's depreciation in the year of disposal. Using the double diminishing-balance method calculate the depreciation expense for each year of the equipment's life. Depreciation 2021 $ Depreciation - 2022 $ Depreciation - 2023 S Depreciation - 2024 5 e Textbook and Media