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Required information [The following information applies to the questions displayed below.] Speedy Delivery Company purchases...

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Required information [The following information applies to the questions displayed below.] Speedy Delivery Company purchases a delivery van for $35,200. 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 182,500 miles. Actual miles driven each year were 48,000 miles in year 1 and 54,000 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 1 2

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