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September 1. 2020. Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you
September 1. 2020. Natalie 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. Instructions: 1. Determine the cost of the van. 2. Prepare three depreciation tables for 2020, 2021, and 2022: one for straight-line depreciation {similar to the one in (Illustration 10-9}, one for double-declining balance depreciation {Illustration 1013], and one for unitsofactivit3:r depreciation (Illustration 10-11}. Use the Part II Excel Template to determine depreciation. For unitsofactivitv, Natalie estimates that she will drive the van as follows: 15,000 miles in 2020; 45,000 miles in 2021; and 50,000 miles in 2022. Recall that Cookie Creations has a December 31 vearend. 3. What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2020? What impact will the three methods have on Natalie's income statement in 2020? 4. What impact will the three methods of depreciation have on Natalie's income statement over the van's total 5-year useful life? 5. What method of depreciation would you recommend Natalie use, and why
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