A company bought a truck for $6,000 on January 1, 2018. The company's policy is to depreciate trucks at 37.5% using the declining balance method. How should the depreciation of the truck be recorded for the second financial year, ending on December 31, 2019? SELECT ONLY ONE Debit depreciation and credit accumulated depreciation by $1,406.25. Debit depreciation and credit accumulated depreciation by $2,250. Debit both accumulated depreciation and depreciation by $1,460.25. Debit both accumulated depreciation and depreciation by $2,250.