A company purchases a delivery van for $$22,000.$ The van is estimated to have a four$-$year service life and a residual value of $$2,200.$

During the four$-$year period, the company expects to drive the van $110,000$ miles.

Required:

Calculate annual depreciation for the four$-$year life of the van using each of the following methods.

Straight$-$line

Double$-$declining$-$balance

Activity$-$based $($Actual miles driven each year were $19,000$ miles in Year $1$; $31,000$ miles in Year $2$; $22,000$ miles in Year $3$; and $27,000$

miles in Year $4.$ Note that actual total miles of $99,000$ fall short of expectations by $11,000$ 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. $($Round your

depreciation rate to $2$ decimal places. Round your final answers to the nearest whole dollar.$)$