Question: Please do part 2+3 Check Required information The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased

Check Required information The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $99,000. At the end of its five-year service life, it is estimated that the van will be worth $10.200. During the five-year period, the company expects to drive the van 296.000 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.) Depreciation 39 500 Year 2021 2022 2023 2024 2025 Total 5 39,600 Required information The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Comparvy purchased a delivery for $99.000. the end of stve year service life, it is estimated that the van ww be worth $10.200. During the five year period, the company expects to drive the van 296,000 miles Required: Calculate annual depreciation for the five-year ife of the van using each of the following methods 3. Units of production using miles driven as a measure of output, and the following actual mileage: 1Do not round intermediate calculations.) Depreciation Miles 28,000 18 000 34.000 2021 2022 2023 2024 2025 Total 45.000 35.000 Next >
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