On January 1, 2024, the Excel Delivery Company purchased a delivery van for $41,000. 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 122,000 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.

Year Miles Depreciation

2024 12,000

2025 32,000

2026 23,000

2027 28,000

2028 29,000