Cortazar Ltd. purchased a used delivery van for $10,000 on June 23, 2020. The van is expected to last for three years and have a residual value of $1,000. The company’s yearend is December 31, and it follows the policy of charging depreciation in partial periods to the nearest whole month of use.

Required: Calculate the annual depreciation charge and ending carrying value of the asset for each of the following fiscal years using the straight-line method:

a. December 31, 2020

b. December 31, 2021

c. December 31, 2022

d. December 31, 2023