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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.

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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. 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Depreciation Year 2021 2022 2023 2024 2025 Miles 34.000 20.000 27.000 32.000 33,000 Total O

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