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D 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

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D 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.) 3. Activity-based Your Annual Depreciation 1 2

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