Tender Years purchased a new van on January 1,200x,for $40,000.The life of the van is 4 years or 100,000 miles,with an estimated residual value of $5,000.During the first year,the van was driven 20,000 miles.Compute the depreciation expense for the first year applying each of the methods below.
a)________ Straight-line
b)________ Units-of-production
c)________ Double-declining-balance

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The Answer of Tender Years purchased a new van on January 1,200x,for $40,000.The life of the van is 4 years or 100,000 miles,with an estimated residual value of $5,000.During the first year,the van was driven 20,000 miles.Compute the depreciation expense for the first year applying each of the methods below.
a)________ Straight-line
b)________ Units-of-production
c)________ Double-declining-balance

Tender Years Purchased a New Van on January 1,200x,for $40,000