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TB EX Qu, 7-198 Chubbyville purchases a delivery van... Chubbyvile purchases a delivery van for $23,600. Chubbyille estimates a fout-year service life and a residual

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TB EX Qu, 7-198 Chubbyville purchases a delivery van... Chubbyvile purchases a delivery van for $23,600. Chubbyille estimates a fout-year service life and a residual value of $1,600. During the four-year period, the company expects to drive the van 109,000 miles. Colculate annual depreciation for the four-year life of the van using each of the following mothods 1. Straight-line. 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) 3. Actual miles driven each year were 19,000 miles in Year 1,32,000 miles in Year 2:21,000 miles in Year 3 ; and 24,000 miles in Year 4 . Note that actual total miles of 96,000 fall short of expectations by 13,000 miles. Calculate ennual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.)

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