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Required information Exercise 7 - 1 1 ( Static ) Determine depreciation under three methods ( LO 7 - 4 ) [ The following information
Required information
Exercise Static Determine depreciation under three methods LO
The following information applies to the questions displayed below.
On January Speedy Delivery Company purchases a delivery van for $ Speedy estimates that at the end of its sixyear service life, the van will be worth $ During the sixyear 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. Do not round your intermediate calculations.
Exercise Static Part
Activitybased.
tableYeartableAnnualDepreciation$$
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