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Required information

Exercise $11-1($Algo$)$ Depreciation methods $[$LO$11-2]$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$33,750.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $102,500$ miles.

Required:

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

Exercise $11-1($Algo$)$ Part $2$

$2.$ Double$-$declining balance.

Note: Round your answers to the nearest whole dollar amount.

$\begin{array}{cc}\text{Y}\text{e}\text{a}\text{r}& \text{D}\text{e}\text{p}\text{r}\text{e}\text{c}\text{i}\text{a}\text{t}\text{i}\text{o}\text{n}\\ 2024& ?\\ 2025& ?\\ 2026& ?\\ 2027& ?\\ 2028& ?\\ \text{T}\text{o}\text{t}\text{a}\text{l}& ?\end{array}$

of $6$