hotected View Thi Tile oniginated trom an internet lecatisn and might be unsate Click for more details. Enable tdting Plant Assets, Natural Resources,&Intangibles A B Plart Assets, Natural Resourees,& Intangibles Compute depreciation using straight-line method with residual value 4 The following is given for Flavorite purchase of a used van for use in its business on lanuary 1, 201 1, 2017, Van's purchase price Van's residual value Van's useful life Expected miles in 2017 Expected miles in 2018 Expected miles in 2019 Expected miles in 2020 S 17,000 1400 S 4 years 16,000 19,000 17,000 48,000 13 miles s Use the blue shaded areas on the ENTERANSWERS tab for inputs 16 Always 17 the Instruction tab you will be marked wrong use cell references and formulas where appropriate to receive full credit. If you copy/paste from Requirement Using the straight-line method of depreciation, calculate the depreciation expense, accumulated depreclation balance, and o book value for each of the four years of the van's useful life a. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted 23 4 Saving & Submitting Solution 25 1 Save file to desktop Home Insert Page Layout FormulasDaa Reviw iew Photected Vicw Ths file orignated trom an indermet loratien and might be umate. Clck for more defah Enable t A1 fUsing the straight-line method of depreciation, calculate the depreciation expense, accumulated de Using the straight-line method of depreciation, caleulate the depreciation expense, accumulated depreciation 1 balance, and book value for each of the four years of the van's useful life Alwarys use cell references and formulas where appropriate to receive full c 2 Instruction tab you will be marked wrong.) 4Yearexpense depreciation Book value 5 Start 6 2017 7 2018 8 2019 9 2020 12 14 15 17 18 pe here xc