Chubbyville purchases a delivery van for $24,300. 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 109,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Depreciation expense $ 5,550 ... 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) Year 1 2 3 End of Year Amounts Depreciation Accumulated Expense Book Value Depreciation $ 12,150 $ 12,150 $ 12,150 6,075 18,225 6,075 3,038 21,263 3,038 1,418 22,681 1,418 $ 22,681 4 Total 3. Actual miles driven each year were 20,000 miles in Year 1; 29,000 miles in Year 2; 21,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 95,000 fall short of expectations by 14,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) Year Book Value 1 2 End of Year Amounts Depreciation Accumulated Expense Depreciation $ 4,000 $ 4,000 5,800 9.800 4,200 14,000 5,000 19,000 $ 19,000 3 4 Total