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5 of 3 Required information The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $28,800 Speedy estimates
5 of 3 Required information The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $28,800 Speedy estimates that at the end of its four year service life, the van will be worth $4,400. During the four-year period, the company expects to drive the van 122,000 miles Actual miles driven each year were 33,200 miles in year 1 and 36,300 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.) int 1. Straight-line nit Year Annual Depreciation 1 2 nces
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