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Required information [The following information applies to the questions displayed below.] ...

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Accounting

Required information
[The following information applies to the questions displayed below.]
On January 1,2024, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service
life, it is estimated that the van will be worth $1,000. During the five-year period, the company expects to drive the van
135,000 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
Straight line.
Straight-line
per year
Double-declining balance.
Note: Round your answers to the nearest whole dollar amount.
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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