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ipsnilleducalón.com/ tlow/connect.html?isReg true&ureturnUr; in Saved Help Save & Exit Submit Check my work On January 1, 2018, the Excel Delivery Company purchased a delivery van for $48,000. At the end of its five year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 150,000 miles. Required: Calculate annual depreclation for the five year ife of the van using each of he folowing methods 1. Straight line. 2. Sum-of-the-years' digits. 3. Double-declining balance. 4. Units of production using miles driven as a measure of output, and the following actual mileage: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 1 of 11 Next > Prev

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As per policy, only one question is allowed to answer at a time, so answering Q1:

1) a) straight line= 48000-3000 / 5 = $9000 per year b) Sum of the years method: year Dep base $ life remaining Dep fraction Dep exp 1 45000 5 5 by 15 15000 2 45000 4 4 by 15 12000 3 45000 3 3 by 15 9000 4 45000 2 2 by 15 6000 5 45000 1 1 by 15 3000 45000 c) Double declining balance: year Dep rate Dep amount Book value 0 48000 1 20%*2=40% 19200 28800 2 11520 17280 3 6912 10368 4 4147.2 6220.8 5 2488.32 3732.48 d)Units of production method: not possible as production per year not provided

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