On January 1, 2013, the Excel Delivery Company purchased a delivery van for $41,000. At the end of its five-year service life, it is estimated that the van will be worth $5,000. During the five-year period, the company expects to drive the van 100,000 miles.

Required:

Calculate annual depreciation for the five-year life of the van using each of the following methods. (Do not round intermediate calculations.)

1.

Straight line.

Straight-line

per year

2.

Sum-of-the-years digits.

Year	Depreciation
2013
2014
2015
2016
2017
Total	$0

3.

Double-declining balance.

Year	Depreciation
2013
2014
2015
2016
2017
Total	$0

4.

Units of production using miles driven as a measure of output, and the following actual mileage:

Year	Miles	Depreciation
2013	12,000
2014	32,000
2015	23,000
2016	28,000
2017	29,000
Total		$0