Question: 32). ABC CO. purchases a delivery truck for $85,000. ABC Co. estimates a four-year service life and a residual value of $7,500. During the four-year

32). ABC CO. purchases a delivery truck for $85,000. ABC Co. estimates a four-year service life and a residual value of $7,500. During the four-year period, the company expects to drive the van 105,000 miles. Calculate annual depreciation per year for straight line method, and for the first two years under double-declining-balance method. Round all amounts to the nearest dolla (5 points)

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