Required information [ The following information applies to the questions displayed below. ] On January 1 ,
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Required information
The following information applies to the questions displayed below.
On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
Doubledeclining balance.
Note: Round your answers to the nearest whole dollar amount.
tableYearDepreciationTotal$
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