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Required information Exercise 11-1 (Algo) Depreciation methods [LO11-2) (The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five year service life, it is estimated that the van will be worth $4,000. During the five-year period, the company expects to drive the van 166,000 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.) Year Depreciation 2021 2022 2023 2024 2025 Total $ 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Depreciation Year 2021 2022 2023 2024 2025 Total Miles 12.000 43.000 34.000 39,000 40.000 $