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I need question three answered with explination please! Questions 1 & 2 are correct. 2 value: 1.87 points Chubbyville purchases a delivery van for $24,100.
I need question three answered with explination please! Questions 1 & 2 are correct.
2 value: 1.87 points Chubbyville purchases a delivery van for $24,100. Chubbyville estimates a four-year service life and a residual value of $1,700. During the four-year period, the company expects to drive the van 106,000 miles. 1. Straight-line. ation expense $ 5,600 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) End of Year Amounts Vear Depreciation Accumulated Book Value Expense 12,050S 18,075 21,088 22,401 12,050 $ 6,025 3,013 1,313 22,401 12,050 6,025 3,013 1,700 Total $ 3. Actual miles driven each year were 28,000 miles in Year 1; 26,000 miles in Year 2; 19,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 8,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your final answers to the nearest whole dollar.) End of Year Amounts Depreciation Accumulated Book Value Year Total $Step by Step Solution
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