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On January 1, 2018, the Excel Delivery Company purchased a delivery van for $52,000. 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 $52,000. 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. 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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