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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 $38,400. Speedy estimates

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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 $38,400. Speedy 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: Calcuiate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.) 2. Double-declining-balance

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