Jalen Reagor, Inc. (JRI) purchases a large van for $23,600 to use for its football equipment repair business. JRI estimates a four-year service life and a residual value of $2,300 for the van. During the four-year period, the company expects to drive the van 108,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods.

1. Straight-line.

2. Double-decli

Jalen Reagor, Inc. URI) purchases a large van for $23,600 to use for its football equipment repair business. JRI estimates a four-year service life and a residual value of $2,300 for the var. During the four year period, the company expects to drive the van 108,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Deprecationen $ 5,325 2. Double-declining balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar) Yes End of Year All Deprecon Accumulated Eine Deco 5 50 Books 1 2 3 4 Total 1 SO