The following data should be used for S7-7 through 20 bu no Investing the extra cash. Company purchased a new car for use in its business on January 1, 2017. It paid 000 for the car. Grafton expects the car to have a useful life of four years with an estimated dual value of zero. Grafton expects to drive the car 40,000 miles during 2017, 75,000 Miles during 2018, 90,000 miles in 2019, and 85,000 miles in 2020, for total expected miles of 290,000 S7-7. (Learning Objective 3: Compute depreciation using straight-line method with a residual value of zero) Using the straight-line method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value S7-8. (Learning Objective 3: Compute depreciation using units-of-production method with a residual value of zero) Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value S7-9. (Learning Obiective 3: Compute depreciation using double-declining-balance method with a residual value of zero) Using the double-declining-balance method of depreciation, alculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense 21-12 D. Accumulated depreciation balance c. Book value . A ....ah S7.12