On January 1, 2016, the Excel Delivery Company purchased a delivery van for $43,000. 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.)

1. Straight-line

Straight-line

per year

2. Sum-of-the-years digits

Year	Depreciation
2016
2017
2018
2019
2020
Total	$0

3.

Double-declining balance.

Year	Depreciation
2016
2017
2018
2019
2020
Total	$0

4.

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

Year	Miles	Depreciation
2016	32,000
2017	34,000
2018	25,000
2019	30,000
2020	31,000
Total		$0