3 Required information [The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery yan for $36.000. Speedy estimates that at the end of its four-year service life, the van will be worth $6.400. During the four-year period, the company expects to drive the van 148,000 miles Actual miles driven each year were 40.000 miles in year 1 and 46,000 miles in year 2. Required: Calculate anual depreciation for the first two years of the ven using each of the following methods. (Do not round your Intermediate calculations.) 40504 2. Double-declining balance. Answer is complete but not entirely correct. Year 1 Annual Depreciation 7400 S 7.400 3 Required information (The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 148,000 miles Actual miles delven each year were 40,000 miles in year 1 and 46,000 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.) 04.0444 3. Activity based Year Annual Depreciation 1 2 Togo's Sandwiches acquired equipment on April 1.2021. for $18,000. The company estimates a residual value of $2,000 and a five- year service life. Required: Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. 0430 2021 2022 Depreciation expense