Q1. A cargo van purchased by Airport Carriers should last 3 years. The purchase price was $70,800. Shipping costs were $1,557. The trade-in value is $5,412. Prepare a depreciation schedule using the double declining balance method, then enter the accumulated depreciation at the end of year 2 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)

A1) $64,318.94 A2) $48,240.41 A3) $62,949.05 A4) $47,223.60