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E 7 - 1 1 On January 1 , Speedy Delivery Company purchases a delivery van for $ 9 0 , 0 0 0 .
E On January Speedy Delivery Company purchases a delivery van for $ Speedy estimates that at the end of its sixyear service life, the van will be worth $ During the sixyear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the first two years using each of the following methods. Round all amounts to the nearest dollar.
Straightline.
Doubledecliningbalance.
Activitybased.
Actual miles driven each year were miles in year and miles in year
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