Exam 2 Chapters 23 Chubbyville purchases a delivery van for $24.700. Chubbyville estimates a four-year service life and a residual value of $2,400. 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 expenso 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar) End of Your Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 Total 3. Actual miles driven each year were 20.000 miles in Year 1: 30,000 miles in Year 2, 22,000 milies in Year 3; and 25,000 miles In Year Saved He cam 2 (Chapters 4-7) Year LATIVES Depreciation Accumulated Expense Depreciation Book Value 23 1 2 3 4 Total 3. 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 12,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) End of Year Amounts Depreciation Accumulated Expense Depreciation Year Book Value 1 2 3 4 Total