Superior Bank, Inc. bought a delivery van on January 1, 2013 for $15,000. The van was expected to remain in service 4 years (100,000 miles). At the end of its useful life, Superior Bank officials estimate that the vans residual value would be $3,000. The van traveled 34,000 miles the first year, 28,000 the second year, 18,000 the third year and 20,000 in the fourth year.