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On January 1, 2021, the Excel Delivery Company purchased a delivery van for $44,000. At the end of its five-year service life, it is estimated
On January 1, 2021, the Excel Delivery Company purchased a delivery van for $44,000. 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 146,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Exercise 11-1 (Algo) Part 3 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Depreciation Year 2021 2022 2023 2024 2025 Miles 40,000 25,000 40,000 21,000 22,000 Total
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