Required information [The following information applies to the questions displayed below.] On January 1, Year 1, a company purchased a delivery vehicle for $53,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $2,000. During the five-year period, the company expects to drive the vehicle 171,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods.. 1. Straight line. Straight-line: per year