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On January 1,2024, the Excel Delivery Company purchased a delivery van for $34,950. At the...

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Accounting

On January 1,2024, the Excel Delivery Company purchased a delivery van for $34,950. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 106,500 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
Exercise 11-1(Algo) Part 3
3. Units of production using miles driven as a measure of output, and the following actual mileage:
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
\table[[Year,Miles,Depreciation],[2024,23,300,],[2025,25,300,],[2026,16,300,],[2027,26,500,],[2028,17,100,],[Tntol,,$
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