# Herron purchased a used van for use in its business on January 1, 2017. It paid...

###### Question:

Herron purchased a used van for use in its business on January 1, 2017. It paid $11,000 for the van. Herron expects the van to have a useful life of four years, with an estimated residual value of$800. Herron expects to drive the van 24,000 miles during 2017, 30,000 miles during 2018, 20,000 miles in 2019, and 7,600 miles in 2020, for total expected miles of 81,600. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values. Use three decimal places for the depreciation cost per mile.) Units-of-production method Annual Depreciation Expense Accumulated Year Depreciation Book Value Start 2017 2018 2019 2020

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