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Required information [The following information applies to the questions displayed below.] On January 1, Year 1, a company purchased a delivery vehicle for $53,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $2,000. During the five-year period, the company expects to drive the vehicle 171,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 1. Straight line. On January 1 , Year 1 , a company purchased a delivery vehicle for $53,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $2,000. During the five-year period, the company expects to drive the vehicle 171,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 2. Double-declining balance. Note: Round your answers to the nearest whole dollar amount. On January 1 , Year 1 , a company purchased a delivery vehicle for $53,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $2,000. During the five-year period, the company expects to drive the vehicle 171,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 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 wh dollar amount