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The Knight Bus Service, known for its magical transportation in the wizarding world, bought a new, enchanted transit van for $ 3 5 , 1

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The Knight Bus Service, known for its magical transportation in the wizarding world, bought a new, enchanted transit van for $35,100 on January 1,2024. The eistimated residual value of the magical van is expected to be $3,000 at the end of its five-year service life. During these 5 years, the Knight Bus Service anticipates that the van will travel a total of 107,000 magical miles.
Required:
Using each of the following methods, determine annual depreciation for the five-year life of the van.
2. Double-declining balance.
Note: Round your answers to the nearest whole dollar amount.
\table[[Year,Depreciation],[2024,],[2025,],[2026,],[2027,],[2028,],[Total,$
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