saridt Accounting: IFRS, 3e INTRO FINANCIAL ACCOUNTING IFRS ) me: 06:04 PM/ Remaining: 94 min. STANDARD VIEW PRINTER VERSION BACK NEXT Matcha Creations 9 (Part Level Submission) is thinking of buying a van that will be used only for business. The cost of the van is estimated at NT$36,500. Mei-ling would spend an additional NT$2,500 to have the van painted. In addition, as well as her baking s years, and she expects to drive it for she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory of taking out the back seat and installing shelving units is estimated at NT$1,500. She expects the van to last about 5 200,000 miles. The annual cost of vehicle insurance will be NT$2,400. Mei-ling estimates that at the end of the S- year that she will buy the van on August 15, 2018, and it will be ready for use on September 1, 2018. ng is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation. Your answer is correct dy Determine the cost of the van. Cost of the van 40500 Attemptst 2 of 2 used Iilustration 9-10), one for double-declining straight-line depreciation (similar to the one in Prepare three depreciation tables for 2018, 2019, and 2020: one for balance depreciation (Iilustration 9-14), and one for units-of-activity depreciation anas follows: 15,000 miles in 2018; 45,000 miles in 2019; 50,000 miles in 2020. Recall tivity, Meli-ling estimates she will drive the depreciation cost/unit to 3 decimal places, e.g. 0.225) (Illustration 9-12). For that Matcha Creations has a December 31 year-end. (Round Straight-line depreciation 1 (b) tion 64 stion 48 stion 42 stion 56 stion 5z stion 58 stion 59 stion 63 on tables for 2018, 2019, and 2020: one for straight-line depreciation (similar to the one in Illustration 9-10), one for double-declining 9-12), For units-of-activity, Mel-ling estimates she will drive the balance depreciation (Illustration 9-14), and one for units-of-activity depreciation (Illustration van as follows: 15,000 milles in 2018; 45,000 miles in 2019; 50,000 miles in 2020. Recall that Matcha Creal depreciation cost/unit to 3 decimal places,e.g. 0.225.) ions has a December 31 year-end. (Round Straight-line depreciation NTS 2018 NTS 2019 2020 Double-declining-balance depreciation NTS NTS s by Study NTS 2018 NTS 2019 2020 Units-of activity depreciation NTS NTS NTS 2018 2019 2020 NTS NTS