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Chubbyville purchases a delivery van for $24,000. Chubbyvile estimates a four-year service life and a...

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Accounting

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Chubbyville purchases a delivery van for $24,000. Chubbyvile estimates a four-year service life and a residual value of $1,800. During the four-year period, the company expects to dive the van 111,000 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 ditiven each year were 18,000 miles in Year 1,31,000 miles in Year 2;,21,000 miles in Year 3; and 24,000 miles in Yoar 4 . Note that actual total miles of 94,000 fall short of expectations by 17,000 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. (Aound youf deprociation rate ta 2 decimal places. Round your final answers to the nearest whole dolian)

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