Chapter 11 Homeowrk Saved Help Save & Exit Submit Check my work Part 2 of 3 Required information [The following information applies to the questions displayed below.) 10 points On January 1, 2021, the Excel Delivery Company purchased a delivery van for $33,000. 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 100,000 miles. eBook Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Hint 2. Double-declining balance. (Round your answers to the nearest whole dollar amount.) References Depreciation Year 2021 2022 2023 2024 2025 Total Homepage - Erskine College