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This question has three parts 3 Part 1 of 3 Required information Exercise 7-11A Determine depreciation under three methods (LO7-4) (The following information applies to

This question has three parts

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3 Part 1 of 3 Required information Exercise 7-11A Determine depreciation under three methods (LO7-4) (The following information applies to the questions displayed below.) 5 points Speedy Delivery Company purchases a delivery van for $30,400. Speedy estimates that at the end of its four-year service life, the van will be worth $5,200. During the four-year period, the company expects to drive the van 157,500 miles. Actual miles driven each year were 42,000 miles in year 1 and 46,000 miles in year 2. eBook Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) Hint Print Exercise 7-11A Part 1 Reference 1. Straight-line. Year Annual Depreciation 1 2 Exercise 7-11A Part 2 2. Double-declining-balance. Year Annual Depreciation 1 2 Exercise 7-11A Part 3 3. Activity-based. Year Annual Depreciation 1 2

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