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HELP PLS, IM STUCK ON THESE Required information {The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for
HELP PLS, IM STUCK ON THESE
Required information {The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 120,000 miles. Actual miles driven each year were 33.000 miles in year 1 and 36,000 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.) 1. Straight line Year Annual Depreciation 1 2 Required information [The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 120,000 miles. Actual miles driven each year were 33,000 miles in year 1 and 36,000 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 Year Annual Depreciation 1 2 Required information [The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service life, the van will be worth $4.000. During the four-year period, the company expects to drive the van 120,000 miles. Actual miles driven each year were 33,000 miles in year 1 and 36,000 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 Year Annual Depreciation 1 2 GD 11! Nov Step by Step Solution
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