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Chubbyville purchases a delivery van for $24,000. Chubbyville estimotes a four-year service life and a residual value of $2,400. During the four-year period, the company

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Chubbyville purchases a delivery van for $24,000. Chubbyville estimotes a four-year service life and a residual value of $2,400. During the four-year period, the company expecis to drive the van 120,000 miles Required: Calculate annual depreciation for the four-year life of the von using eoch of the following methods. 1. Stroight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 18,000 miles in Year 1,32,000 miles in Yeor 2:21,000 miles in Year 3; and 25,000 miles in Year 4 . Note that actual total miles of 96,000 fall short of expectations by 24,000 miles) Complete this question by entering your answers in the tabs below. Calculate annual depredation for the four-year life of the van taing the double-decining-balance method. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole chatlar.)

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