! Required Information [The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $45.000. 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 144,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Year 2021 2022 7 2023 Depreciation S 9.017 5,833 X 7.875 0.333 X 9.042 X s 42,000 2024 2025 Total