Question: E7-33B. (Learning Objectives 2, 3: Determining depreciation amounts by three methods) Southern's Pizza bought a used Nissan delivery van on January 2, 20X6, for 19,500.
E7-33B. (Learning Objectives 2, 3: Determining depreciation amounts by three methods) Southern's Pizza bought a used Nissan delivery van on January 2, 20X6, for 19,500. The van was expected to remain in service four years (30,000 miles). At the end of its useful life, Southern's officials estimated that the van's residual value vould be 2,700. The van traveled 7,000 miles the first year, 9,500 miles the second year, 4,500 miles the third year, and 9,000 miles the fourth year. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production and double-declining-balance, round to the nearest two decimals after each step of the calculation.) equirements: 1- Prepare the depreciation schedule for the van for the 4 years including the deprecation expense, Accumulated depreciation, and the Book Value under the following methods: a. Straight line method b. Units of production c. Double declining
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