Required information
Exercise Static Determine depreciation under three methods LO
The following information applies to the questions displayed below.
On January Speedy Delivery Company purchases a delivery van for $ Speedy estimates that at the end of its sixyear service life, the van will be worth $ During the sixyear period, the company expects to drive the van miles.
Actual miles driven each year were miles in year and miles in year
Required:
Calculate annual depreciation for the first two years using each of the following methods. Do not round your intermediate calculations.
Exercise Static Part
Activitybased.
tableYeartableAnnualDepreciation$$
