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[The following information applies to the questions displayed below.] On January 1, 2021, 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 $2,000. During the five-year period, the company expects to drive the van 130,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods.

rev: 05_15_2019_QC_CS-168776, 11_22_2019_QC_CS-191707

1. Straight line. per year

2.) 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.)

3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.)