Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 120,000 miles. Actual miles driven each year were 33.000 miles in year 1 and 36,000 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.) 1. Straight line Year Annual Depreciation S 6,000 $ 6,000 1 2 2. Double-declining balance. Year Annual Depreciation 1 2 3. Activity-based Year Annual Depreciation