Required information The following information applies to the questions displayed below.) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $105,000. At the end of its five. year service life, it is estimated that the van will be worth $10,800. During the five-year period, the company expects to drive the van 314,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 1. Straight line. Straight-line $ 18,840 per year X W 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.) Depreciation Year 2021 2022 2023 2024 2025 Total $ Check my work On January 1, 2021, the Excel Delivery Company purchased a delivery van for $105,000. At the end of its five- year service life, it is estimated that the van will be worth $10,800. During the five-year period, the company expects to drive the van 314,000 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 36,000 52,000 34,000 44,000 32,000 Total