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very easy question Sunland Ltd. purchased a delivery truck...

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Sunland Ltd. purchased a delivery truck on January 1, 2021, at a cost of $73,920. The truck is expected to have a residual value of $8,120 at the end of its 4-year useful life. Sunland has a December 31 year end. Use the diminishing-balance method and assume the depreciation rate is equal to double the straight-line rate. (a) Your answer has been saved. See score details after the due date. Calculate the depreciation for each year of the truck's life. (Round answers to decimal places, eg. 5,275.) Depreciation expense 2021 36960 Calculate the depreciation for each year of the truck's life. (Round answers to decimal places, eg. 5,275.) Depreciation expense 2021 36960 202 $ 18480 2023 $ 8240 2024 $ $ 1120 A Attempts: 1 of 1 used (b)

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