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On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$34,950.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $106,500$ miles.

Required:

Calculate annual depreciation for the five$-$year life of the van using each of the following methods.

$16\mathrm{.}66$ points

Exercise $11-1($Algo$)$ Part $2$

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Hint

$2.$ Double$-$declining balance.

Note: Round your answers to the nearest whole dollar amount.

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Rererences

$\backslash$table$[[$Year$,$Depreciation$],[2024,$$$,6,870],[2025,,7,470],[2026,,4,770],[2027,,7,350],[2028,,4,890]]$