Odell purchased a used van for use in its business on January $1,2020.$ It paid $$18,000$ for the van. Odell expects the van to have a useful life of four years, with an estimated residual value of $$1,500.$ Odell expects to drive the van $31,000$ miles during $2020,25,000$ miles during $2021,10,000$ 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.$)$

$\backslash$table$[[,$Straight$-$line method$],[$Year$,\backslash$table$[[$Annual$],[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[$Start$,,,],[2020,2,,8],[2021,,,],[2022,\backslash$table$[[404]],,],[2023,,,]]$

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