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Requirements Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the van for each of the four

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Requirements Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the van for each of the four years of its expected life (do not round here; use three decimal places for the depreciation cost per mile): a. Depreciation expense b. Accumulated depreciation balance c. Book value Flavorite purchased a used van for use in its business on January 1, 2017. It paid $17,000 for the van. Flavor Rite expects the van to have a useful life of four years, with an estimated residual value of $1,400. Flavor Rite expects to drive the van 16,000 miles during 2017, 19,000 miles during 2018, 17.000 miles in 2019, and 48,000 miles in 2020, for total expected miles of 100,000 Read the faanramone (Complete all answer boxes. Enter a "O" for any zero values. Use three decimal places for the depreciation cost per mile.) Units-of-production method Annual Depreciation Expense Year Accumulated Depreciation Book Value Start 2017 2018 2019 2020

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