Required information The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $123,000. At the end of its five-year service life, it is estimated that the van will be worth $12,600. During the five-year period, the company expects to drive the van 368,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 1. Straight line Straight-line per year On January 1, 2021, the Excel Delivery Company purchased a delivery van for $123,000. At the end of its five-year service life, it is estimated that the van will be worth $12.600. During the five-year period, the company expects to drive the van 368,000 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.) Depreciation Year 2021 2022 2023 2024 2025 Total $ 0 On January 1, 2021, the Excel Delivery Company purchased a delivery van for $123,000. At the end of its five-year service life, it is estimated that the van will be worth $12,600. During the five-year period, the company expects to drive the van 368,000 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 Miles 48,000 58,000 48,000 38,000 32,000 2023 2024 2025 Total