E 111 Depreciation methods LO11-2 On January 1, 2021, the Excel Delivery Company purchased a delivery van for $33,000. 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 100,000 miles. Required:or each of the following depreciable asset Calculate annual depreciation for the five-year life of the van using each of the following methods. Round all computations to the nearest dollar 1. Straight line 2. Double-declining balance 3. Units of production using miles driven as a measure of output, and the following actual mileage: Year Miles 2021 22,000 2022 24,000 2023 15,000 2024 20,000 2025 21,000