TB EX Qu. 7-198 Chubbyville purchases a delivery van... Chubbyville purchases a delivery van for $24,900. Chubbyville estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to drive the van 109,000 miles, Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Depreciation expense $ 5,775 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) End of Year Amounts Year Depreciation Accumulated Expense Book Value Depreciation 1