On January 1, a company purchases a delivery van for $38,400. The company estimates that at the end of its four-year service life, the van will be worth $6,200. During the four-year period, the company expects to drive the van 201,250 miles.

Actual miles driven each year were 52,000 miles in year 1 and 58,000 miles in year 2.

Required: Calculate annual depreciation for the first two years using each of the following methods. 1. Straight-line. 2. Double-declining-balance. 3. Activity-based.

1. Calculate annual depreciation for the first two years using straight-line method. (Do not round your intermediate calculations.)

2.Calculate annual depreciation for the first two years using double-declining-balance method. (Do not round your intermediate calculations.)

3. Calculate annual depreciation for the first two years using activity-based method. (Do not round your intermediate calculations.)