Question: On January 1 , 2 0 2 4 , the Excel Delivery Company purchased a delivery van for $ 3 4 , 9 5 0

On January 1,2024, the Excel Delivery Company purchased a delivery van for $34,950. 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 106,500 miles.
Required:
Calculate annual depreciation for the five-year life of the van using each of the following methods.

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