On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$34,350.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $104,500$ miles.

Required:

Calculate annual depreciation for the five$-$year life of the van using each of the following methods.

Exercise $11-1($Algo$)$ Part $2$

$2.$ Double$-$declining balance.

Note: Round your answers to the nearest whole dollar amount.