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Rural's Pizza bought a used Nissan delivery van on January 2, 2010, for $20,200. The van was expected to remain in service 4 years (62,500

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Rural's Pizza bought a used Nissan delivery van on January 2, 2010, for $20,200. The van was expected to remain in service 4 years (62,500 miles). At the end of its useful life, Rural's officials estimated that the van's residual value would be $2,700. The van traveled 20,000 miles the first year, 21,000 miles the second year, 8,500 miles the third year, and 13,000 miles in the fourth year. Requirements 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. 2. Which method tracks the wear and tear on the van? 3. Breathe deeply Requirement 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production and double-declining-balance, round to the two decimals after each step of the calculation. For years with $0 depreciation, make sure to enter "0" in the appropriate column.) Units-of- Production Double-Declining- Balance Year Straight-Line 2010 2011 2012 2013 Total Requirement 2. Which method tracks the wear and tear on the van? The method tracks the wear and tear on the van most closely

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