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On January 1, 2016, the Excel Delivery Company purchased a delivery van for $50,000. At the end of its five-year service life, it is estimated

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On January 1, 2016, the Excel Delivery Company purchased a delivery van for $50,000. 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: hods. (Do not Calculate annual depreciation for the five-year life of the van using each of the following met round intermediate calculations.) 1. Straight line Straight lne per year 2. Sum-of-the-years' digits. Year 2016 2017 2018 2019 2020 Total Depreciation

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