Flower Power, Inc purchases a van for making deliveries for $23,700. The company estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to drive the van 108,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Depreciation expense $ 5,475 2. Double-declining-balance. (Round your depreclatlon rate to 2 decimal places. Round your final answers to the nearest whole dollar.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 Total 3. Actual miles driven each year were 19,000 miles In Year 1; 31,000 miles In Year 2; 24,000 miles In Year 3; and 26,000 miles In Year 4. Note that actual total miles of 100,000 fall short of expectations by 8,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 Total