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Sound Help Save & Exit 5 13 Part 1 of 3 Required information (The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $53,000. 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 171,000 miles Required: Calculate annual depreciation for the five-yearlife of the van using each of the following methods. 2.96 points 024732 1. Straight line Strughne per year 0 14 Part 2 of 3 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $53,000. 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 171,000 miles Required: Calculate annual depreciation for the five-yearlife of the van using each of the following methods. 2.96 points 0247:14 2. Double-declining balance. (Round your answers to the nearest whole dollar amount) Year 2021 Depreciation 2022 2023 2024 2025 Total $ 15 Part 3 of 3 Required information {The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $53,000. 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 171,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 2.96 points 8 02 MS 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Depreciation Year 2021 2022 2023 2024 2025 Total Miles 13.000 44.000 35.000 40,000 41,000 $ 0