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Check Flowerworks Corporation purchases a vehicle for $31,200 to deliver flowers to the surrounding community. Flowerworks estimates that at the end of its four-year useful

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Check Flowerworks Corporation purchases a vehicle for $31,200 to deliver flowers to the surrounding community. Flowerworks estimates that at the end of its four-year useful life, the delivery vehicle will be worth $5,600. During the four-year period, the company plans to drive the vehicle 128,000 miles. Actual miles driven each year were 35,000 miles in year 1 and 39,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the vehicle using each of the following methods. (Do not round your intermediate calculations.) 1. Straight-line. Your Annual Depreciation 1 2. 2. Double-declining balance. Year Annual Depreciation 1 2 Deprelution 2 2. Double-declining-balance. Year Annual Depreciation 1 2 3. Activity-based Year Annual Depreciation 1

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