D Natalie is the CEO of Suyden Company. She is thinking of buying a van that will be used only fox business. She estimates that she can buy the van for the price shown below. Natalie would spend an additional amount (shown below) to have the van painted As well, she wants the back seat of the van removed so that she will have lots of room to transport her juicer inventory and smoothies and supplies The cost of taking out the back seat and installing shelving units is estimated at the price shown below. She expects the van to last about five years and to be driven for 200,000 km The annual cost of vehicle insurance is also included bekw Natale estimates that at the end of the five-year useful life, the van wil sel for $5,000 Assume that she will buy the van on March 2, 2022 Natalie is concerned about the impact of the van's cost and related depreciation on Sugden's income statement and balance sheet. All transactions will be completed in cash It is estimated that the van will be driven as follows. 10,000 km in 2022, 37,500 km in 2023, 40 000 km in 2024, 47,500 km in 2025, 35,000 kan in 2026, and 30.000 km in 2027 Sugden Company has a May 31 year end. Purchase price of the van $22.000 Your first step is to enter in your full name (first name then last name) using proper capitalization on the Instructions" page. 7 Painting the van $3,000 5970 Shelving unit 10 11 Vehicle insurance $1,440 $5,000 Residual value Useful life of the van 5 years B C A Useful life of the van C 5 years Total mileage over the life of the 200,000 km Date of purchase March 2, 2022 Company's fiscal year-end May 31, 2022 Useage of van: 2022 2023 2024 2025 2026 2027 Total 1 2 Part (h) selling price of van 3 4 Part () revised residual value 5 6 Part (j) revised total useful life 10,000 km 37,500 km 40,000 km 47,500 km 35,000 km 30,000 km 200,000 3 $7500 $4,000 Z/ years ali le ill Merge & Center 7 Formatting - Table Clipboard 5 Font Alignment Number Styles M20 f D NO refc 2 a) Determine the cost of the van. 3 4 tern 5