On January 1, 2016, the Excel Delivery Company purchased a delivery van for $35,000. At the end of its five-year service life, it is estimated that the van will be worth $2,000. During the five-year period, the company expects to drive the van 110,000 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 2016 2017 2018 2019 2020 S Total