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On January 1 , 2 0 2 4 , the Excel Delivery Company purchased a delivery van for $ 3 4 , 8 0 0
On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
ercise Algo Part
Doubledeclining balance.
ote: Round your answers to the nearest whole dollar amount.
tableYearDepreciationTotal$
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