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The general ledger of the Karlin Company, a consulting company, at January 1, 2024, contained the following account balances:Required information Skip to question [The following

The general ledger of the Karlin Company, a consulting company, at January 1, 2024, contained the following account balances:Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $33,150. 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 100,500 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 2. Double-declining balance. Note: Round your answers to the nearest whole dollar amount

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