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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not Indicate Required
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not Indicate Required information The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $31,200. Speedy estimates that at the end of its four-year service life, the van will be worth $5,600. During the four-year period, the company expects to drive the van 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 van using each of the following methods. (Do not round your Intermediate calculations.) 2. Double-declining balance Answer is not complete. Year Annual Depreciation 5 17200 2
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