Required information [The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $29,600. Speedy estimates that at the end of its four-year service life, the van will be worth $4,800. During the four-year period, the company expects to drive the van 155,000 miles. Actual miles driven each year were 41,000 miles in year 1 and 45,000 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.) 1. Straight-line. Required information [The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $29,600. Speedy estimates that at the end of its four-year service life, the van will be worth $4,800. During the four-year period, the company expects to drive the van 155,000 miles. Actual miles driven each year were 41,000 miles in year 1 and 45,000 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.) 3. Activity-based. Required information [The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $29,600. Speedy estimates that at the end of its four-year service life, the van will be worth $4,800. During the four-year period, the company expects to drive the van 155,000 miles. Actual miles driven each year were 41,000 miles in year 1 and 45,000 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