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Speedy Delivery Company purchases a delivery van for $39,200. Speedy estimates that at the end of its four-year service life, the van will be worth

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Speedy Delivery Company purchases a delivery van for $39,200. Speedy estimates that at the end of its four-year service life, the van will be worth $6,600. During the four-year period, the company expects to drive the van 163,000 miles. Actual miles driven each year were 42,000 miles in year 1 and 48,000 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 8.150 8.150: 2. Double-declining-balance. Year Annual Depreciation 3. Activity-based Year Annual Depreciation

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