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Thank you! D Question 40 On January 1, Year 1. Flora's Flower Shop purchased a delivery van for $28,000. The estimated useful life of the
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D Question 40 On January 1, Year 1. Flora's Flower Shop purchased a delivery van for $28,000. The estimated useful life of the van is 5 years or 100,000 miles, and the salvage value is set at $3.000. Actual mileage driven was 15.000 miles In Year 1 and 20.000 miles in frear 2 Assuming Flora's Flower Shop used the straight-line method, the book value of the delivery van on the December 31, Year 2 balance sheet is: $23.000 $18.000 $28,000 $16,800 D Question 41 On January 1 Year 1. Flora's Flower Shop purchased a delivery van for $28.000 The Estimated useful wife of the van is 5 years or 100,000 miles and the salvage value is pet at $3,000. Actual mileage driven was 15.000 miles in Year 1 and 20.000 miles in fear 2 The Year 2 depreciation expense using the double decining balance method is $11.200 $10,000 $6,720 $6.000
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