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On January 1, 2018, the Excel Delivery Company purchased a delivery van for $30,000. At the end of its five-year service life, it is estimated

On January 1, 2018, the Excel Delivery Company purchased a delivery van for $30,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000. 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. 1. Straight line. 2. Sum-of-the-years-digits. 3. Double-declining balance. 4. Units of production using miles driven as a measure of output, and the following actual mileage:

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Required 1Required 2Required 3 Required 4 Calculate annual depreciation for the five-year life of the van using straight line method. Straight-line per year Required 1Required 2Required 3 Required 4 Calculate annual depreciation for the five-year life of the van using su calculations.) Depreciation Year 2018 2019 2020 2021 2022 Required1 Required 2 Required 3 Required 4 Calculate annual depreciation for the five-year life of the van using double-declining balance. (Do not round your intermediate calculations and round your final answers to nearest whole dollar.) Year 2018 2019 2020 2021 2022 Depreciation Required 1 Reqred 2 Required 3Required 4 Calculate annual depreciation for the five-year life of the van using units of production using miles driven as a measure of output, and the following actual mileage. (Do not round your intermediate calculations.) Miles Year 2018 2019 2020 2021 2022 Depreciation 36,000 10,000 15,000 34,000 35,000

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