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Elegant Company purchased a new car for use in its business on January 1, 2017. It paid $24,000 for the car. Elegant expects the car

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Elegant Company purchased a new car for use in its business on January 1, 2017. It paid $24,000 for the car. Elegant expects the car to have a useful life of four years with an estimated residual value of zero. Elegant expects to drive the car 20,000 miles during 2017, 25,000 miles during 2018, 30,000 miles in 2019, and 50,000 miles in 2020, for total expected miles of 125,000 Read the requirements Complete all answer boxes. Enter a "O" for any zero values.) Double-declining-balance method Annual Accumulated Depreciation Expense Year Depreciation Book Value Start 2017 2018 2019 2020

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