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Required information [The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $32,000 Speedy estimates that at the

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Required information [The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $32,000 Speedy estimates that at the end of its four-year service lifethe van will be worth $6,000. During the four-year period, the company expects to drive the van 130,000 miles Actual miles driven each year were 35,000 miles in year 1 and 38,000 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.) 2 Double-declining-balance Year Annual Depreciation 1 2 tences

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