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Required information [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , the Excel Delivery

Required information
[The following information applies to the questions displayed below.]
On January 1,2024, the Excel Delivery Company purchased a delivery van for $36,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 110,000 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
3. Units of production using miles driven as a measure of output, and the following actual mileage:
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
\table[[Year,Miles,Depreciation],[2024,24,000,],[2025,26,000,],[2026,17,000,],[2027,30,000,],[2028,15,000,],[Total,,$
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