On January 1, 2013, the Excel Delivery Company purchased a delivery van for $52,000. 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. (Do not round intermediate calculations.)

DOUBLE DECLINING BALANCE

2013 ?

2014?

2015?

2016?

2017?

UNITS OF PRODUCTION USING MILES AS A MEASURE OF OUTPUTAND THE FOLLOWING ACTUAL MILEAGE

YEAR MILEAGE DEPRECIATION

2013 31,000 ?

2014 33,000 ?

2015 44,000 ?

2016 29,000 ?

2017 30,000 ?

2013