Required information Exercise 11-1 (Algo) Depreciation methods [LO11-2] The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service life. It is estimated that the van will be worth $1,000. During the five-year period, the company expects to drive the van 135,000 miles. Required: Calculate annual depreciation for the five-year life of the von using each of the following methods. Exercise 11-1 (Algo) Part 2 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) Depreciation Year 2021 2022 2023 2024 2025 Total $