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On January 1, 2024, 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 van using each of the following methods.

2. Double-declining balance.

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