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i already did part a and b so please help me do part c Natalie is also thinking of buying a van that will be

i already did part a and b so please help me do part c
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Natalie is also thinking of buying a van that will be used only for business. The cost of the van is estimated at $38,000. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for 240,000 miles. The annual cost of vehicle insurance will be $2,112. Natalie estimates that at the end of the 5-year useful life the van will sell for $6,000. Assume that she will buy the van on August 15, 2022, and it will be ready for use on September 1, 2022. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation (a) Your answer has been saved, See score details after the due date. Determine the cost of the van Cost of the van $ 42.000 (b) Your answer has been saved. See score details after the due date. Prepare three depreciation tables for 2022 2023 and 2024: one for straight-line depreciation (similar to the one in Illustration 10-10), one for double-declining balance depreciation (Illustration 10-14), and one for units-of-activity depreciation (Illustration 10-12). For units-of-activity, Natalie estimates she will drive thevan as follows: 17,000 miles in 2022; 50,000 miles in 2023; 58,000 miles in 2024:58,000 miles in 2025; and 57,000 miles in 2026. Recall that Cookie Creations has a December 31 year-end. (Round depreciation costune to 3 decimal places, eg. 0.225) Straight-line depreciation Year Depreciable Costs Depreciation Expense Accumulated Depreciation Book Value 42 2022 42,000 $ 2,400 2,400 39 2023 42,000 7.200 9.600 32 2024 42.000 7,200 16,800 25 Double-declining-balance depreciation Year BV (Beg. of Year) Depreciation Expense Accumulated Depreciation Book Value 42 2022 $ 42.000 5,600 5,600 36 2023 36,400 1960 20,160 21 2024 21,840 8,736 28,896 13 Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Book Value $ 42.0 2022 17.000 $ 2,550 2.550 394 2023 50,000 7.500 10.050 31.9 2024 58,000 8.700 18.750 23.2 (C) What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2022 What impact will the three methods have on Natalie's income statement in 2022? Straight-Line Double-declining Balance Units-of-Activity Cost of asset $ $ Accumulated depreciation Book value $ Depreciation expense $ $ $ Lowest amount of net income Lowest amount of owner's equity Lowest book value Greatest amount of net income Depreciation expense $ $ $ Lowest amount of net income Lowest amount of owner's equity Lowest book value Greatest amount of net income Greatest amount of owner's equity Greatest book value

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