Required information [The following information applies to the questions displayed below] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $50,000. At the end of its five-year service life, it is estimated that the van will be worth $5,000, During the five-year period, the company expects to drive the van 115,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the foliowing methods. 1. Straight line 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Required information [The following information applies to the questions displayed below] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $50,000. At the end of its five-year service life, it is estimated that the van will be worth $5,000, During the five-year period, the company expects to drive the van 115,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the foliowing methods. 1. Straight line 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.)