Question: Check my work mode : This shows what is correct or incorrect for the work you have comp Required information The following information applies to

Check my work mode : This shows what is correct or incorrect for the work you have comp Required information The following information applies to the questions displayed below! On January 1, 2021, the Excel Delivery Company purchased a delivery van for $50,000 At the end of its five-year service life. It is estimated that the van will be worth $5,000. During the five year period, the company expects to drive the van 115,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 2. Double-declining balance (Round your answers to the nearest whole dollar amount) Answer is complete but not entirely correct. Yeni Depreciation 2021 15 15.000 2022 12.000 2023 9.000 3 2024 5 000 2025 3,000 Total 45 000 OOO

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