Exercise 7-118 Determine depreciation under three methods (L07-4) A company purchases a delivery van for $32800. The company estimates that at the end of its for your service to the van will be worth 54,800 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. Straigh.in Annual Depreciation Year 1 2 2. Double-declining balance Year AR Depron + 2 3 Activity based Am Depreciation 2