Double$-$declining$-$balance. Straight$-$line.!

Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,$ Speedy Delivery Company purchases a delivery van for $$29,600.$ 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

$155,000$ miles.

Actual miles driven each year were $41,000$ miles in year $1$ and $45,000$ 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.$)$

Activity$-$based.

Straight $-$ Line

Double $-$ Declining $-$ Balance