Required information [The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 165,000 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 2023 2024 2025 Total Depreciation IS 20,800 12.480 7,488 4,493 10,263 $ 55,524 0 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 165,000 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: (Do not round intermediate calculations.) Depreciation Year 2021 2022 2023 2024 2025 Total Miles 31,000 33,000 44,000 29,000 30,000 $ 0 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service lfe, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 165,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 1. Straight line. Straight-line $ 9,600 per year