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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

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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 $33,600. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 102,000 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
2. Double-declining balance.
Note: Round your answers to the nearest whole dollar amount.
\table[[Year,Depreciation],[2024,],[2025,],[2026,],[2027,],[2028,],[Total,$
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