Determine depreciation amounts by three methods
Response to the following problem:
Royce's Pizza bought a used Honda delivery van on January 2, 2014, for $43,000. The van was expected to remain in service for four years (208,000 miles). At the end of its useful life, Royce's officials estimated that the van's residual value would be $3,500. The van traveled 65,000 miles the first year, 64,000 miles the second year, 42,000 miles the third year, and 37,000 miles in the fourth year.