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On January 1, 2018, the Excel Delivery Company purchased a delivery van for $51,000. 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 $51,000. 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. points 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 Skipped eBook Hint Print References Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3Required4 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.) Year 2018 2019 2020 2021 2022 Total MilesDepreciation 26,000 28,000 19,000 24,000 25,000 Required 3 Required4
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