I got some of the answers right, but the ones in red are wrong. Please help

Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. 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 200,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $7,500. Assume that she will buy the van on August 15, 2019, and it will be ready for use on September 1, 2019. 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. Your answer is correct Determine the cost of the van Cost of the van $ 40500 e Textbook and Media Your answer is partially correct. Prepare three depreciation tables for 2019 2020, and 2021: one for straight-line depreciation (similar to the one in Illustration 9-10), one for double-declining balance depreciation (Illustration 9-14), and one for units-of-activity depreciation (Illustration 9-12). For units-of-activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2019;45,000 miles in 2020; 50,000 miles in 2021; 45,000 miles in 2022; 40,000 miles in 2023. Recall that Cookie Creations has a December 31 year-end. (Round depreciation cost/unit to 3 decimal places, eg. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book Va $ 2019 $ 3850 2200 2200 2020 3850 6600 8800 2021 3850 6600 15400 Double-declining-balance depreciation Year NBV (Beg. of Year) Depreciation Expense Accumulated Depreciation Net Book Va $ 2019 $ 40500 $ 5400 5400 Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book Value $ 3850 $ $ 2200 $ 2200 38300 3850 6600 8800 31700 3850 6600 15400 25100 Double-declining-balance depreciation Net Book Va Year NBV (Beg. of Year) Accumulated Depreciation Depreciation Expense $ $ $ $ $ 5400 5400 2019 40500 14040 19440 2020 35775 8424 27864 2021 16740 Units-of activity depreciation Accumulated Depreciation Net Book Valu Depreciation Expense Year Units of Activity $ Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Net Book Valu $ 2019 2475 $ 2475 3 2020 7425 9900 2021 8250 18150 2 e Textbook and Media X Your answer is incorrect What impact will the three methods of depreciation have on Natalie's Balance sheet at December 31, 2019? What impact will the three methods have on Natalie's income statement in 2019? Straight-Line Double-declining Balance Units-of-Activity $ $ Cost of asset Accumulated depreciation Question 1 of 1 0.43/1 x Your answer is incorrect. What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2019? What impact will the three methods have on Natalie's income statement in 20192 Straight-Line Double-declining Balance Units-of-Activity Cost of asset Accumulated depreciation Net book value Depreciation expense $ Lowest amount of net income Lowest amount of stockholders' equity Lowest net book value F Greatest amount of net income Greatest amount of stockholders' equity 3 Greatest net book value tion 1 of 1 0.43/1 Greatest amount of net income Greatest amount of stockholders' equity Greatest net book value e Textbook and Media X Your answer is incorrect. What method of depreciation would you recommend Natalie use? Natalie should use Double declining method eTextbook and Media Attempts: 6 of 15 used Submit Answer Save for Later Last saved 2 days ago Saved work will be auto-submitted on the due date