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Chubbyville purchases a delivery van for $23,800. Chubbyville estimates a four-year service life and a residual value of $2,100. During the four-year period, the company

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Chubbyville purchases a delivery van for $23,800. Chubbyville estimates a four-year service life and a residual value of $2,100. During the four-year period, the company expects to drive the van 106,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line Depreciation expense $ 5,425 2. Double-declining-balance (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 3. Actual miles driven each year were 19.000 miles in Year 1: 30,000 miles in Year 2:24,000 miles in Year 3; and 26.000 miles in Year 4. Note that actual total miles of 99,000 fall short of expectations by 7.000 miles Calculate annual depreciation for the four-year life of the ven using activity-based. (Round your depreciation rate to 2 decimal places.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 Total

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