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Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, the van company expects to
Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, the van company expects to drive the van 148,000 miles. will be worth $6,400. During the four-year period, the Required Calculate annual depreciation for the first two years using each of the following methods. Round all amounts to the nearest dollar. 1. Straight-line 2. Double-declining-balance 3. Activity-based Actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2
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