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Required information The following information applies to the questions displayed below] Bomb Pop Company purchases a ice cream truck for $29,600 Bomb Pop estimates that

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Required information The following information applies to the questions displayed below] Bomb Pop Company purchases a ice cream truck for $29,600 Bomb Pop estimates that at the end of its four-year service life, the truck will be worth $4,800. During the four-year period, the company expects to drive the truck 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 of the truck using the straight line and activity based methods. (DO not round your intermediate calculations.) 1. Straight-line. Year Annual Depreciation 1 2

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