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Required information Exercise 11-1(Algo) Depreciation methods [LO11-2] [The following information applies to...

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Accounting

Required information
Exercise 11-1(Algo) Depreciation methods [LO11-2]
[The following information applies to the questions displayed below.]
On January 1,2024, the Excel Delivery Company purchased a delivery van for $33,750. 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
102,500 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
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.
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