Question: please explain how you get the correct answer Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its

please explain how you get the correct answer
please explain how you get the correct answer Speedy Delivery Company purchases

Speedy Delivery Company purchases a delivery van for $28,000. Speedy estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 120,000 miles. Actual miles driven each year were 33,000 miles in year 1 and 36,000 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.) 3. Activity-based Answer is complete but not entirely correct. Year 1 Annual Depreciation $ 5,280 $ 5,760 2

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