Arial v 10 BBv CV A. L29 H J K 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 fx B D E F G I Goodfellow's Flower Shoppe purchased a new delivery van on January 1st. The van cost $45,000 and is expected to have a useful life of 100,000 miles, with a salvage value of $5,000 after that time. Calculate the depreciation for each of the next five years, assuming the van is driven as shown in the table below. Calculate depreciation using Units of Production method Cost Salvage equals Depreciable cost less Rate Deprec Cost Useful Life per mile miles Depreciation Accumulated Expense Depreciation Book Value yr 1 yr 2 y 3 yr 4 yr5 5 y 6 Depreciable 16 Asset Cost Miles x Rate 17 45,000 15,000 x mile 18 45,000 30,000 x 19 45,000 25,000 x mile 20 45,000 20.000 x 21 45,000 5,000 x mi 22 45,000 5.000 x mile 23 100,000 24 25 26 27 Salvage value = $5000 Straight Line Units of Production + Calculation Mode: Automatic Workbook Statistics esc 30 FI DOD 20 F3 F2 F4 ? A 1 2 # 3 $ 4 % 5 6 7 W tab E R. Y