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Barlow purchased a used van for use in its business on January 1,2020. It paid...

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Accounting

Barlow purchased a used van for use in its business on January 1,2020. It paid $18,000 for the van. Barlow expects the van to have a useful life of four years, with an estimated residual value of $1,500. Barlow expects to drive the van 40,000 miles during 2020,30,000 miles during 2021,21,000 miles in 2022, and 74,000 miles in 2023, for total expected miles of 165,000.
Read the requirements. (Complete all input fields. Enter a "0" for any zero values. Use three decimal places for the depreciation cost per mile.)
\table[[Units-of-production method],[Year,\table[[Annual],[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[Start,,,18,000],[2020,9,000,9,000,9,00],[2021,4,500,13,500,4,500],[2022,2,250,15,750,2,250],[2023,1,125,16,875,1,125]]
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