S7-12 (book/static) Question Help 0 FlavorRite purchased a used van for use in its business on January 1, 2017. It paid $17,000 for the van. FlavorRite expects the van to have a useful life of four years, with an estimated residual value of $1,400. FlavorRite expects to drive the van 16,000 miles during 2017, 19,000 miles during 2018, 17,000 miles in 2019, and 18,000 miles in 2020, far total expected miles of 100,000. Read the requirements, (Complete all answer boxes. Enter a "O" for any zero values.) Double-declining-balance method Requirements Annual Depreciation Accumulated Year Expense Depreciation Book Value Start Using the double-declining-balance method of depreciation, calculate the following arounts for the van for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance 2017 c. Book value 2018 2019 2020 Print Done