Use the following information to answer questions 6-8. The Blooming Miracles Flower Shop Ltd. bought a delivery van on January 1, 2017. The van cost $28,000 and had an expected residual value of $3,000. The life of the van was estimated to be 5 years or 150,000 kms. 6. "The da The depreciable amount of the van is. a) $28,000. b) $25,000. c) $5,000. d) $3,000. e. none of the above The depreciation expense for a full year of use using the straight-line method of depreciation is a) $5,000. b) $5,600. c) $3,000. d) none of the above 8. The carrying amount of the van at the beginning of the fourth year under the straight-line method of depreciation would be: d) $23,000. b) $13,000. ) $18,000. d) $6,000. The payout ratio is calculated by declared by net income