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Required intormation [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , the Excel Delivery
Required intormation
The following information applies to the questions displayed below.
On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service
life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van
miles.
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
Units of production using miles driven as a measure of output, and the following actual mileage:
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
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