Gleason purchased a used van for use in its business on January 1, 2020. It paid $17,000 for the van. Gleason expects the van to have a useful life of four years, with an estimated residual value of $1,400. Gleason expects to drive the van 21,000 miles during 2020, 25,000 miles during 2021, 10,000 miles in 2022, and 44,000 miles in 2023, for total expected miles of 100,000. Read the requirements, (Complete all input fields, Enter a "o" for any zero values.) - X Requirements Year Start Double-declining-balance method Annual Depreciation Accumulated Expense Depreciation Book Value 17000 8500 85001 85001 4250 127501 4250 2125 14875 2125 1400 2020 Using the double-declining balance method of depreciation, calculate the following amounts for the van for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value 2021 2022 2023 Print Done Calculator Next