Required informationSkip to question$[$The following information applies to the questions displayed below.$]$On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$35,550.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $108,500$ miles.Required:Calculate annual depreciation for the five$-$year life of the van using each of the following methods.