On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$33,900.$ At the end of its five$-$year service life, it is estimated that the van will be worth $$3,000.$ During the five$-$year period, the company expects to drive the van $103,000$ miles.

Required:

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

$2.$ Double$-$declining balance.

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

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On January $1,2024,$ the Excel Delivery Company purchased a delivery van for $$33,900.$ 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

$103,000$ miles.

Required:

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

Double$-$declining balance.

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