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Required Information

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

On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$34,800.$ At the end of Its five$-$year service Iffe, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $106,000$ miles.

Requlred:

Calculate annual depreclation 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.

Answer is complete but not entirely correct.

$\backslash$table$[[$Year$,$Depreciation$],[2024,13\mathrm{.}920\%$