Natalie is also thinking of buying a van that will be used only for business. The cost of the van is estimated at $$40,000.$ Natalie would

spend an additional $$3,000$ 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 $$2,000.$ She expects the van to last about $5$ years, and she expects to drive it for $258,000$ miles. The annual cost of

vehicle insurance will be $$2,160.$ Natalie estimates that at the end of the $5-$year useful life the vall sor $$6,300.$ Assume that she

will buy the van on August $15,2022,$ and it will be ready for use on September $1,2022.$

Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on

calculating the van's depreciation.Prepare three depreciation tables for $2022,2023$ and $2024$: one for straight$-$line depreciation $($similar to the one in Illustration

$10-10),$ one for double$-$declining balance depreciation $($Illustration $10-14),$ and one for units$-$of$-$activity depreciation $($Illustration

$10-12).$ For units$-$of$-$activity, Natalie estimates she will drive the van as follows: $22,000$ miles in $2022$; $55,000$ miles in $2023$;

$62,000$ miles in $2024$; $62,000$ miles in $2025$; and $57,000$ miles in $2026.$ Recall that Cookie Creations has a December $31$ year$-$end.

$($Round depreciation cost$/$unit to $3$ decimal places, e$.$g$.0\mathrm{.}225.)$

Straight$-$line depreciation