Question: Not sure why Year 5 isn't being recognized as the right answer Required information [The following information applies to the questions displayed below.] On January

Not sure why Year 5 isn't being recognized as the right answer

Required information [The following information applies to the questions displayed below.] On January 1 , Year 1 , a company purchased a delivery vehicle for $52,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $1,000. During the five-year period, the company expects to drive the vehicle 135,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 2. Double-declining balance. Note: Round your answers to the nearest whole dollar amount

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