Dailey purchased a used van for use in its business on January​ 1, 2020. It paid $ 9000 for the van. Dailey expects the van to have a useful life of four​ years, with an estimated residual value of $ 600. Dailey expects to drive the van 35000 miles during 2020​, 18000 miles during 2021​, 11000 miles in 2022​, and 6000 miles in 2023​, for total expected miles of 70 comma 000.