Financial Accounting. The incorrect answers are shown in red.

The following Company purchases a delivery van for $42,400. Speedy estimates that at the end of its four-year Speedy D service life, the van will be worth $6,400 miles the four-year period, the company expects to drive the van 180.000 Actual miles driven each year were 46,000 miles in year 1 and 50,000 miles in year 2. Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your