Question: Exercise 1 1 - 1 ( Algo ) Depreciation methods [ LO 1 1 - 2 ] [ The following information applies to the questions

Exercise 11-1(Algo) Depreciation methods [LO11-2]
[The following information applies to the questions displayed below.]
On January 1,2024, the Excel Delivery Company purchased a delivery van for $34,050. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 103,500 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.
Exercise 11-1(Algo) Part 2
2. Double-declining balance.
Note: Round your answers to the nearest whole dollar amount.
Answer is complete but not entirely correct.
\table[[Year,Depreciation],[2024,$],[2025,8,620],[2026,4,172],[2027,2,903],[2028,27,872
Exercise 1 1 - 1 ( Algo ) Depreciation methods [

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