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On January 1 , a company purchases a delivery van for $ 4 4 , 0 0 0 . The company estimates that at the
On January a company purchases a delivery van for $ The company estimates that at the end of its fouryear service life, the van will be worth $ During the fouryear period, the company expects to drive the van miles.
Actual miles driven each year were miles in year and miles in year
Required:
Calculate annual depreciation for the first two years using each of the following methods.
Straightline.
Doubledecliningbalance.
Activitybased.
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Calculate annual depreciation for the first two years using straightlimet method. Do not round your intermediate calculations.
tableYeartableAnnualDepreciation
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