question archive Speedy Delivery Company purchases a delivery van for $32,800
Speedy Delivery Company purchases a delivery van for $32,800
Subject:FinancePrice: Bought3
Speedy Delivery Company purchases a delivery van for $32,800. Speedy estimates that at the end of its four-year service life, the van will be worth $4,800. During the four-year period, the company expects to drive the van 175,000 miles. Actual miles driven each year were 45,000 miles in year 1 and 53,000 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. Annual Year Depreciation 2. Double-declining-balance. Annual Year Depreciation
