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Required informationSkip to question [ The following information applies to the questions displayed below. ] On January 1 , Speedy Delivery Company purchases a delivery

Required informationSkip to question[The following information applies to the questions displayed below.]On January 1, Speedy Delivery Company purchases a delivery van for $32,800. 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 175,000 miles. Actual miles driven each year were 45,000 miles in year 1 and 53,000 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. Straight line year 1,2, annual depreciation

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