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Required information [The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $30,000. 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 128,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) Year 2021 2022 2023 2024 2025 Total Depreciation $ 4,091 2,045 6,341 7.364 7,568 $ 27.409