Required Information The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service Infe, the van will be worth $4,000. During the four-year period, the company expects to drive the van 120,000 miles Actual miles driven each year were 33,000 miles in year 1 and 36,000 miles in year 2 Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your Intermediate calculations.) 1. Straight-line Depreciation 1 2 Required Information (The following information applies to the questions displayed below] Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four year service life, the van will be worth $4,000. Dunng the four-year period, the company expects to drive the van 120,000 miles Actual miles driven each year were 33,000 miles in year 1 and 36,000 miles in year 2 Required: Calculate annual depreciation for the first two years of the van using each of the following methods (Do not round your Intermediate calculations.) 3. Activity-based Y Annon Depreciation