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Required information Skip to question [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 ,
Required information Skip to question The following information applies to the questions displayed below. On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van miles. Required: Calculate annual depreciation for the fiveyear life of the van using each of the following methods. 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.
Required information
Skip to question
The following information applies to the questions displayed below.
On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
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.
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