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Required information [The following information applies to the questions displayed below] On January 1. Speedy...

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Accounting

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Required information [The following information applies to the questions displayed below] On January 1. Speedy Delivery Company purchases a delivery van for $28,800. Speedy estimates that at the end of its four-year service life, the van will be worth $4,400. During the four-year period, the company expects to drive the van 122,000 miles. Actual miles driven each year were 33,200 miles in year 1 and 36,300 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.) 2. Double-declining-balance. Answer is complete but not entirely correct. Required information [The following information applies to the questions displayed below] On January 1, Speedy Delivery Company purchases a delivery van for $28,800. Speedy estimates that at the end of its four-year service life, the van will be worth $4,400. During the four-year period, the company expects to drive the van 122,000 miles. Actual miles driven each year were 33,200 miles in year 1 and 36,300 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.) 3. Activity based

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