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[The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $41,600. Speedy estimates that at
[The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $41,600. Speedy estimates that at the end of its four-year service life, the van will be worth $6,000. During the four-year period, the company expects to drive the van 222,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 64,000 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.) ercise 7-11 (Algo) Part 1 traight-line
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