Natalie is also thinking of buying a van that will be used only for business. The cost of the van is estimated at $38,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last her about 5 years, and she expects to drive it for 100,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $6,500. Assume that she will buy the van on August 15, 2015, and it will be ready for use on September 1, 2015. Natalie is concerned about the impact of the vans cost on her income statement and balance sheet. She has come to you for advice on calculating the vans depreciation.

Prepare a depreciation table for straight-line depreciation. Recall that Cookie Creations has a December 31 fiscal year-end.

I've attempted this question several times and can't seem to figure out the annual depreciation expense for 2015 and 2020...If anyone can help with that, I can figure the rest out. Thank you!!

End of Year Annual Depreciation Expense Accumulated Depreciation Year Depreciable Cost Book Value 42,500 2015 39,800 36,000 2700 2700 2016 t . 36,000 7200 7200 9,900 32,600 2017 36,000 36,000 36,000 7200 17,100 25,400 2018 7200 24,300 18,200 2019 7200 31,500 11,000 2020 36,000 2400 33,900 8600 33,900