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On January 1,2018, the Excel Delivery Company purchased a delivery van for $50,000. At the end of its five-year service life, it is estimated that

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On January 1,2018, the Excel Delivery Company purchased a delivery van for $50,000. 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 150,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 2. Sum-of-the-years-digits. 3. Double-declining balance, 4. Units of production using miles driven as a messure of outout, and the following actual mileage: Complete this question by entering your answers in the tabs below Calculate annual depreciation for the five-year life of the van using double-declining balane. (Do not round your intermediate and round your final answers to nearest whole dollar 2018 Required 1 Required 2Required 3 ReTuired4 Calculate annual depreciation for the five-year life of the van using units of production using miles driven as a measure of output, and the following actual mileage. (Do not round your intermediate calculations.) Year Miles Depreciation 2018 2019 2020 2021 2022 Total 28.000 30000 41,000 26,000 27.000

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