Dowle Decleng Buarice perceciation $\frac{15,000}{100,000}=15\%$

Problem $2$:

B & H Florist acquired a delivery van on January $1,2017.$ The company paid $$11,000$ for the van, $$500$ for destination charges, and $$250$ to paint the company's name on the side of the van. Management estimates the van to have a five$-$year useful life and a residual value of $$1,750.$ The truck is expected to be driven $100,000$ miles in five years. It is actually driven $15,000$ miles in $2017,25,000$ miles in $2018,$ and $30,000$ miles in $2019.$

On December $31,2019,$ the van was sold for $$3,000$ cash. Compute the amount of the gain or loss on the sale and prepare the journal entry to record the sale using:

$($a$)$ straight$-$line method

$($b$)$ double$-$declining method

$($c$)$ units$-$of$-$production $($activity$-$based$)$ method