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Saved Chubbyville purchases a delivery van for $23,400. Chubbyville estimates a four- year service life and a residual value of $2,400. During the four-year period,

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Saved Chubbyville purchases a delivery van for $23,400. Chubbyville estimates a four- year service life and a residual value of $2,400. During the four-year period, the company expects to drive the van 108,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Depreciation expense 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) Year End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value 1 2 3 Trou TOLDI 20:40 3. Actual miles driven each year were 18,000 miles in Year 1: 30,000 miles in Year 2:23,000 miles in Year 3; and 24,000 miles in Year 4. Note that actual total miles of 95,000 fall short of expectations by 13,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 Total

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