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The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , the Excel Delivery Company purchased a

The following information applies to the questions displayed below.] On January 1,2024, the Excel Delivery Company purchased a delivery van for $35,400. 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 108,000 miles. Required: Calculate annual depreciation for the five-year life of the van using the Double-declining balance method. Note: Round your answers to the nearest whole amount. tbhe first twtwo years are correctly provided below.
Year Depreciation 2024=14,160
2025=8,496
2026=?
2027=?
2028=?

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