Chubbyville purchases a delivery van for $24,000. Chubbyville estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to drive the van 111,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20,000 miles in Year 1;32,000 miles in Year 2; 23,000 miles in Year 3; and 27,000 miles in Year 4 . Note that actual total miles of 102,000 fall short of expectations by 9,000 miles.) Complete this question by entering your answers in the tabs below. Calculate annual depreciation for the four-year life of the van using the straight-line method. (Round your final answers to the nearest whole dollar.) Chubbyville purchases a delivery van for $24,000. Chubbyville estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to drive the van 111,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20,000 miles in Year 1; 32,000 miles in Year 2; 23,000 miles in Year 3; and 27,000 miles in Year 4. Note that actual total miles of 102,000 fall short of expectations by 9,000 miles.) Complete this question by entering your answers in the tabs below. Calculate annual depreciation for the four-ycar life of the van using the double-declining-balance method. (Round your depreciation rate to 2 decimal places, Round your final answers to the nearest whole dollar.) Chubbyville purchases a delivery van for $24,000. Chubbyville estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to drive the van 111,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20,000 miles in Year 1; 32,000 miles in Year 2; 23,000 miles in Year 3; and 27,000 miles in Year 4 . Note that actual total miles of 102,000 fall short of expectations by 9,000 miles.) Complete this question by entering your answers in the tabs below. Calcuiate annual depreciation for the four-year life of the van using the activity-based method. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.)
