* Your answer is incorrect. Blue Spruce Corp. acquires a delivery truck at a cost of $62,000 on January 1, 2022. The truck is expected to have a salvage value of $4,000 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. Annual depreciation expense $ eTextbook and Media Save for Later Year 1 24800 $ Year 2 Assistance Used Attempts: 1 of 2 used Submit Answer