A company purchases a delivery van for $24 , 000 . The van is estimated to have a four-year service life and a residual value of $2.400 . During the four-year period, the company expects to drive the van 108.000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. Straight-line 2. Double-declining-balance 3ctlivity-based (Actual miles driven each year were 20,000 miles in Year 1; 30,000 miles in Year 2; 22,000 miles in Year 3 ; and 25,000 miles in Year 4 . Note that actual total miles of 97,000 fall short of expectations by 11,000 miles.) Complete this question by entering your answers in the tabs below. Calculate annual depreciation for the four-year life of the van using the straight-line method, (Round your final answers to the nearest whole dollar.) A company purchases a dellvery van for $24 , 000 . The van is estimated to have a four-year 5 ervice life and a residual value of $2 , 400 . During the four-year period, the company expects to drive the van 108,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20,000 miles in Year 1; 30,000 miles in Year 2;22.000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 97,000 fall short of expectations by 11,000 miles.) Complete this question by entering your answers in the tabs below. Calculate annual depreciation for the four-year life of the van using the double-declining-balance method. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) A company purchases a delivery van for $24 , 000 . The van is estimated to have a fouryear service life and a residual vilue of $2 , 400 During the four-year period, the company expects to drive the van 108,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20.000 miles in Year 1; 30,000 mazes in Year 2:22,000 miles in Year 3; and 25,000 miles in Year 4. Note that actual total miles of 97,000 fall short of expectations by 11,000 milies) Complete this question by entering your answers in the tabs below. Calculate annual depreciation for the four-year life of the van using the activity-based method. (found your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar)
