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! Required information [ The following information applies to the questions displayed below. ] On January 1 , Speedy Delivery Company purchases a delivery van

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Required information
[The following information applies to the questions displayed below.]
On January 1, Speedy Delivery Company purchases a delivery van for $34,400. Speedy estimates that at the end of its four-year service life, the van will be worth $5,600. During the four-year period, the company expects to drive the van 144,000 miles.
Actual miles driven each year were 38,000 miles in year 1 and 42,000 miles in year 2.
Required:
Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.)
2. Double-declining-balance.
\table[[Year,\table[[Annual],[Depreciation]]],[1,],[2,]]
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