Recuired information

The followng informotion applies to the questians displayed belowI

On January $1,$ Speedy Delimery Company purchoses a delivery van for $$34,400.$ Speedy estimates that at the end of its four$-$year senvice life, the van will be worth $55,.$ DCO. During the four$-$yoar period, the company expects to drive the van $144,000$ miles.

Actual miles diveri each year were $38,000$ mies n year $1$ and $42,000$ miles in year $2.$

Required:

Required: Calculate annual depreciation for the frse two years using each of the follawing methods $($Do not round your intermediate colkulations.$]$

Straightine $,$ double declining balance and activity based