Herron purchased a used van for use in its business on January $1,2020.$ It paid $$11,000$ for the van. Herron expects the van to have a useful life of four years, with an estimated residual value of $$800.$ Herron expects to drive the van $14,000$ miles during $2020,27,000$ miles during $2021,8,000$ miles in $2022,$ and $32,600$ miles in $2023,$ for total expected miles of $81,600.$

Read the requirements. $($Complete all input fields. Enter a $0$ for any zero values.$)$

Straight$-$line method

$\backslash$table$[[$Year$,\backslash$table$[[$Annual$],[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[$Start$],[2020,3.,$:$.,],[2021,,.,],[2022],[2023,,+,]]$

Accumulated

Depreciation

Book Value

Requirements

Using the straight$-$line 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

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