CALCULATOR PRINTER VERSION BACK Continuing Cookie Chronicle 9 (Part Level Submission) Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2.500 to have the van painted. In addition, sh wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and Installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for 200,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $7,500. Assume that she will buy the van on August 15, 2019, and it will be ready for use on September 1, 2019. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation (a) Your wwwer is correct Determine the cost of the van w of the van 40500 Click if you would like to show Work for this question Open Show Work Study SHOW SOLUTION SHOW ANSWER LINK TO TO TEXT LINK TO TEXTURN TO TEXT Attempts: 1 of 3 used ) Your answer is partially correct. Try again Prepare three depreciation tables for 2019, 2020, and 20211 one for straight-line depreciation (similar to the one in ustration 9.10), one for ouble-declining balance depreciation (lustration 9-14), and one for n o t depreciation (ution 12). For units of activity, we estimates she will drive the van as follows: 15,000 miles in 2019, 45.000 es in 2020, 50,000 miles in CALCULATOR PRINTER VERSION Your answer is partially correct. Try again Prepare three depreciation tables for 2019, 2020, and 20211 one for straight-line depreciation (similar to the one in ustration 9-10), one for double-declining balance depreciation ( and one for units-of-activity depreciation (Illustration 9-12). For units of activity. Natalie estimates she will drive the van as follows: 15,000 miles in 2019; 45,000 miles in 2020: 50.00 2021: 45.000 miles in 2022; 40,000 miles in 2023 Recall that Cookie Creations has a December 31 year-end. (Round depreciation cost/unit to 3 decimal places, .g. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book Value 6600 2019 T 40500 2200 2020 T 40500 0000 2200 8800 1400 38300 3 1700 25100 2021 40500 00 Double-declining balance depreciation Study Year NBV (Seg. of Year) Depreciation Expense Accumulated Depreciation Net Book Value 40500 540 2020 46500 1940 T 21060 2021 278641 126.36 Units of activity depreciation 2020 40500 14040 19440 21060 2021 40500 T 8424 27864 12636 Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Net Book Value 38025 2019 40500 40500 2475 sion) 2475 2020 40500 1 7425 7 39025.00 T 7425 2021 40500 T 30600 8250 18150 Click if you would like to Show Work for this question: Open Show Work Study LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT