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On January 1, 2021, 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, 2021, 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 $6,000. During the five-year period, the company expects to drive the van 171,000 miles. Required: Calculate annual depreciation for the five-year life of the van using the Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.)

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X Answer is complete but not entirely correct. Year Miles 11.000 2021 2022 2023 42.000 Depreciation 2.860 10.920 11.180 9.980 10,140 MG 45.080 43,000 38.000 39,000 2024 2025 Total

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