3. Actual miles driven each year were 18,000 miles In Year 1; 31,000 miles in Year 2; 24,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 9,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) Answer is complete but not entirely correct. End of Year Amounts Year 1 Depreciation Expense Accumulated Book Value Depreciation $ 3,499 S 3,499 S 19,301 2 6,026 9,525 13,275 3 4 4,665 14,191x 8,609 6,609 20,800x 2,000 Total S 20,799 TB EX Qu. 7-198 Chubbyville purchases a delivery van... Chubbyville purchases a delivery van for $22,800. Chubbyville estimates a four-year service life and a residual value of $2,000. During the four-year period, the company expects to drive the van 107,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Answer is complete and correct. Depreciation expense $ 5.200 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) Answer is complete and correct. End of Year Amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 $ 11,400 S 11,400 S 11,400 2 5,700 17,100. 5,700 3 4 2,850 19,950 2,850 Total S 850 20,800 20,800 ( 2,000 3. Actual miles driven each year were 18,000 miles in Year 1; 31,000 miles in Year 2; 24,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 9,000 miles. Calculate annual