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Calculate annual depreciation for the first two years

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Question - Speedy delivery company purchases a delivery van for $36,000. Speedy estimates that at the end of its four year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 148,000 miles. Actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2. Calculate annual depreciation for the first two years of the van.

Reference no: EM132997842

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