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Required information [The following information applies to the questions displayed below.) Part 2 of 3 Speedy Delivery Company purchases a delivery van for $29,600. Speedy
Required information [The following information applies to the questions displayed below.) Part 2 of 3 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. 12.5 points (8 03:48:07 Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) eBook Hint References 2. Double-declining-balance. Year Annual Depreciation
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