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Required Information [The following information applles to the questions displayed below.] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $52,000.

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Required Information [The following information applles to the questions displayed below.] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $52,000. At the end of Its five-year service IIfe, It is estimated that the van will be worth $1,000. During the five-year perlod, the company expects to drive the van 135,000 miles. Required: Calculate annual depreclation for the five-year life of the van using each of the following methods. 1. Straight IIne

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