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Required information Exercise 7-11(Static) Determine depreciation under three methods (LO7-4) [The following...

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Accounting

Required information
Exercise 7-11(Static) Determine depreciation under three methods (LO7-4)
[The following information applies to the questions displayed below.]
On January 1, Speedy Delivery 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 $30,000. During the six-year period, the company expects to drive the van 200,000 miles.
Actual miles driven each year were 32,000 miles in year 1 and 35,000 miles in year 2.
Required:
Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.)
Exercise 7-11(Static) Part 3
3. Activity-based.
\table[[Year,\table[[Annual],[Depreciation]]],[1,$,28,657],[2,$,31,500]]
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