On January 1, 2024, 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 132,000 miles.

Required:

Calculate annual depreciation for the five-year life of the van using each of the following methods.

3. Units of production using miles driven as a measure of output, and the following actual mileage:

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

what is the depreciation for the following years?

2024: 20,000 miles

2025: 10,000 miles

2026: 31,000 miles

2027: 36,000 miles

2028: 37,000 miles