< Lovell purchased a used van for use in its business on January 1, 2020. It paid $18,000 for the van. Lovell expects the van to have a useful life of four years, with an estimated residual value of $1,500. Lovell expects to drive the van 24,000 miles during 2020, 28,000 miles during 2021, 14,000 miles in 2022, and 99,000 miles in 2023, for total expected miles of 165,000. Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Annual Depreciation Straight-line method Accumulated Requirements Using the straight-line method of depreciation, calculate the following amounts for the van for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value Straight-line method Annual Depreciation Accumulated Year Expense Depreciation Book Value Start Start 2020 2021 2021 2022 2023