Question: I got 14,400 and it said it was wrong. please help!! On January 1, Speedy Dellvery Company purchases a delivery van for $90,000. Speedy estimates
On January 1, Speedy Dellvery Company purchases a delivery van for $90,000. Speedy estimates that at the end of its six-year service life, the van will be worth $30,000. During the six-year period, the company expects to drive the van 200,000 miles. Actual miles driven each year were 32,000 miles in year 1 and 35,000 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.) 2. Double-declining-balance
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