Required information [The following information applies to the questions displayed below] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $33.000. At the end of its five vear 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 100,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 1. Straight line Required information [The following information applies to the questions displayed below] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $33.000. At the end of its five vear 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 100,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 1. Straight line