Information of a delivery van are presented below:

Cost $30,000

Transportation 2000

Tax 1500

Expected Salvage value $1,500

Estimated Useful Life 5

Estimated useful life in Miles 100000

Date Of Purchase March 1, 2012

YEARS MILES USED

2012 15000

2013 12000

2014 20000

2015 25000

2016 28000

Requirement: a. Create a depreciation Schedule under the following methods Units of production Method Declining Balance Method

b. Show how the Van will be presented in Financial statement in year 2014 and 2015