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Zeff Company purchases a delivery van on January $1,201,$ at a cost of $$15,849.$ It has a useful life of four years and no

estimated salvage value. When making the purchase decision, the company anticipated that the use of the van would

generate a revenue $($cash$)$ inflow of $$5,000$ each year, assumed to occur at the end of the year. The discount rate that

equates the purchase price to the expected cash inflows is $10\%.$ Assume that depreciation is the company's only expense

for the year. Use the following links to the present value tables to calculate answers. $($PV of $1,$ PVAD of $1,$ and PVOA of $1)$

$($Use the appropriate factor$($s$)$ from the tables provided.$)$

Required:

Using the discounted present value method of depreciation, do the following for each of the four years:

a$.$ Compute accumulated depreciation and the net book value of the van.

b$.$ Prepare Zeff's income statement assuming that the $$5,000$ expected inflows occur.

c$.$ Compute the return on beginning net fixed assets.

Complete this question by entering your answers in the tabs below.

Req $2A$

Compute accumulated depreciation and the net book value of the van. $($Round intermediate and final answers to the nearest

whole dollar amount.$)$