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Required information

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On January $1,2021,$ the Excel Delivery Company pur$$hased a delivery van for $$52,000.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$4,000.$ During the five$-$year period, the company expects to drive the van $166,000$ miles.

Required:

Calculate annual depreciation for the five$-$year life of the van using each of the following methods.

Straight line, double declining balance, units of production

Straight$-$line

$

$9,600$

per year