Question
Little Town Pizza bought a used Ford delivery van on January2, 2018 , for $22,000 . The van was expected to remain in service for
Little Town Pizza bought a used Ford delivery van on January2, 2018, for $22,000. The van was expected to remain in service for four years (80,000 miles). At the end of its usefullife, Little Town management estimated that thevan's residual value would be $2,000. The van traveled 32,000 miles the firstyear, 28,000 miles the secondyear,15,000 miles the thirdyear, and 5,000 miles in the fourth year.
Show a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production anddouble-declining-balance methods, round to the nearest two decimal places after each step of the calculation. For years with$0 depreciation, make sure to enter"0" in the appropriatecolumn.)
Year Straight Line Units of Production
2018 5,000 jQuery22408932955123179944_1540176471599
2019 5,000 ??
2020 5,000 ??
2021 5,000 ??
Total 20,000 20,000
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