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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 $33,750. 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 102,500 miles.
Required:
Calculate annual depreciation for the five-year life of the
van using each of the following methods.
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.
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