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On January 1 , 2 0 2 4 , the Excel Delivery Company purchased a delivery van for $ 4 3 , 0 0 0

On January 1,2024, the Excel Delivery Company purchased a delivery van for $43,000. At the end of its five-year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 150,000 miles.Required:Calculate annual depreciation for the five-year life of the van using each of the following methods.Exercise 11-1(Algo) Part 22.Double-declining balance.Note: Round your answers to the nearest whole dollar amount.

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