A company purchases a delivery van for $ The van is estimated to have a fouryear service life and a residual value of $
During the fouryear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the fouryear life of the van using each of the following methods.
Straightline
Doubledecliningbalance
Activitybased Actual miles driven each year were miles in Year ; miles in Year ; miles in Year ; and
miles in Year Note that actual total miles of fall short of expectations by miles.
Complete this question by entering your answers in the tabs below.
Calculate annual depreciation for the fouryear life of the van using the doubledecliningbalance method. Round your
depreciation rate to decimal places. Round your final answers to the nearest whole dollar.
