Question: On January 1 , 2 0 2 1 , the Excel Delivery Company purchased a delivery van for $ 4 0 , 0 0 0

On January 1,2021, the Excel Delivery Company purchased a delivery van for $40,000. 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 121,000 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.) calculate for years 2021,2022,2023,2024,2025, and total

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