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7 ! Part 2 of 3 Required information [The following information applies to the questions displayed below.] 10 points Speedy Delivery Company purchases a delivery van for $30.400. Speedy estimates that at the end of its four-year service life, the van will be worth $5,200. During the four-year period, the company expects to drive the van 157.500 miles. Actual miles driven each year were 42,000 miles in year 1 and 46,000 miles in year 2 eBook Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) Hint References 2. Double-declining-balance. Year Annual Depreciation 1 2