Question: Current Attempt in Progress Blossom Ltd. purchased a delivery truck on May 1, 2021, at a cost of $82 , 440 . The truck is

Current Attempt in Progress Blossom Ltd. purchased a delivery truck on

Current Attempt in Progress Blossom Ltd. purchased a delivery truck on May 1, 2021, at a cost of $82 , 440 . The truck is expected to have a residual yalue of $7 ; 840 at the end of its 4 -year useful life. Blossom has a December 31 year end. Calculate the depreciation expense using the diminishingbalance method for 2021 and 2022 . Assume the depreciation rate is equal to one time the straight-line rate (Round onswers to 0 decimal places, e8, 5,275.)

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