TB EX Qu. 7-198 Chubbyville purchases a delivery van... Chubbyville purchases a delivery van for $24,100. Chubbyville estimates a four-year service life and a residual value of $2,300. During the four-year period, the company expects to drive the van 107,000 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 2 3. Actual miles driven each year were 18,000 miles in Year 1; 31,000 miles in Year 2; 22,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 96,000 fall short of expectations by 11,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) Year End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value 1 2 Total