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3 PART QUESTION!!!! PLEASE ANSWER ALL 3. ! Required information [The following information applies to the questions displayed below.] Speedy Delivery Company purchases a delivery
3 PART QUESTION!!!! PLEASE ANSWER ALL 3.
! Required information [The following information applies to the questions displayed below.] Speedy Delivery Company purchases a delivery van for $32,800. Speedy estimates that at the end of its four-year service life, the van will be worth $4,800. During the four-year period, the company expects to drive the van 175,000 miles. Actual miles driven each year were 45,000 miles in year 1 and 53,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) 1. Straight-line. Year Annual Depreciation 1 2 2. Double-declining-balance. Year Annual Depreciation 1 2 3. Activity-based. Year Annual Depreciation 1 2Step by Step Solution
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