Assume you have a flower shop and you bought a delivery van for $31,000. You expect the van to remain in service for three years (147.000 km. At the end of you never will be $130. You estimate the van will travel 39,000 km the first year, 59,000 km the second year, and 49,000 km the third year. Prepare an estimats of the desired on the depreciation methods. Show your computations. Which method do you think tracks the useful life cost on the van most closely? How does management determine which depreciation method to use Begin by calculating straight-line depreciation expense for each year, (Round the amounts for depreciation expense to the nearest whole deitar) ( Cost Residual value Useful life, in years Depreciation expense Year 1 c 1 Year 2 ( Year 3