Question 1 of 14 View Policies Current Attempt in Progress Bridgeport Company acquires a delivery truck at a cost of $55,000. The truck is expected to have a salvage value of $16,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method. Annual depreciation expense Year 1 $ -/4 E Year 2