Question
Saved Help Save & Exit Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased
Saved Help Save & Exit Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $44,000. At the end of its five-year service life, it is estimated that the van will be worth $2,000. During the five-year period, the company expects to drive the van 155,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 3. Units of production using miles driven as a measure of output, and th- following actual mileage: (Do not round intermediate calculations.) Year Miles Depreciation 2021 33,000 2022 35,000 2023 26,000 2024 31,000 2025 32,000 Total 0 Proy F
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