CALCULATOR PRINTER VERSION BACK NEXT Continuing Cookie Chronicle 9 (Part Level Submission) Natalie is thinking of buying van that will be used only for business. The cost of the van is estimated at $36,500. Natale would spend an additional $2.500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her moer inventory as well as her baking supplies. The cost of ting out the back seat and insting shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive for 200,000 miles. The annual cost of vehide insurance will be $2,400. Nas estimates that at the end of the year we the van will sell for $7,500. Assume that she wil buy the van on August 15, 2019, and will be ready for use on September 1, 2019 Natalie is concerned about the impact of the van's cost on her income statement and balance sheet. She has come to you for advice on calculating the van's depreciation Your answer is correct Determine the cost of the van Cost of the van 40500 Click if you would like to show Work for this question Open Show Work Attempt of used Your swer is partially correct. Try again to 10). 15,000 .00 Prepare three depreciation tables for 2019, 2020, and 20211 one for straight-line depreciation to the one and one for t-of-activity depreciation (Illustration 9.12). Por fact , Nate estimates w e re van A GW CALCULATOR PINTERESION BACK NEIT Your answer is partially correct. Try again. Prepare three depreciation tables for 2019, 2020, and 2021: one for straight-line depreciation (imilar to the one in ustration 9-10), one for double declining balance depreciation (lustration 9.10. and one for units of activity depreciation (thustration 9.12). For units of activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2019: 45.000 milesi 20:20:50.00 m in 2021: 45,000 miles in 2022: 40,000 miles in 2023. Recall that Cookie Creations has a December 31 year-end (Round depreciation cost/unit to decimal places, eg. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book Value 40.500 2019 40,500 2200 2020 1 38,300 6000 25100 6600 2021 1 31,700 Double-declining-balance depreciation Year NBV (eg, of Year) Depreciation Expense Accumulated 2019 2020 2021 Q Search or type URL OURCES t Level 2021 | 21,060 84241 27864 12636 Units-of activity depreciation Year Units of Activity Depreciation Expense Accumulated Depreciation Net Book Value 40,500 kle -C (Part lon) e Problem 2019 T 40,500 2475 T 38,025 2020 T 38,025 7425 9,900 T ve Problem 1-3 (Part ssion) Critical 08 al-a4 30,600 22,350 2021 T 30,600 8,250 18,150 T Click if you would like to Show Work for this question: Open Show Work ur Critical -03 Our Critical 10-03 a-b.d el Submission) SHOW SOLUTIONSHOW ANSWER ore LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT esults by Study What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2019? What impact will the three meth Straight-Line Double-declining Balance Units-of-Activity Cost of asset Accumulated depreciation 3063 BACK CALCULATOR PRINTER VERSION Attempts: 3 of 3 used What impact will the three methods of depreciation have on Natalie's balance sheet at December 31, 2019? What impact will the three methods have on Natalie's income statement in 20197 Straight-Line Double-declining Balance Units-of-Activity Cost of asset Accumulated depreciation Net book value Depreciation expense Lowest amount of net income Lowest amount of stockholders' equity Lowest net book value Greatest amount of net income Greatest amount of stockholders' equity Greatest net book value Click if you would like to show Work for this questioni Open Show Work LIETOTEN TIETTY LINK TO TEXT Aptofad Q Search or type URL