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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 1,2024, the Excel Delivery Company purchased a delivery van for $34,800. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 106,000 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
ercise 11-1(Algo) Part 2
Double-declining balance.
ote: Round your answers to the nearest whole dollar amount.
\table[[Year,Depreciation],[2024,],[2025,],[2026,],[2027,],[2028,],[Total,$
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