Exercise 11-1 Depreciation methods (LO11-2] On January 1, 2018, the Excel Delivery Company purchased a...
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Exercise 11-1 Depreciation methods (LO11-2] On January 1, 2018, the Excel Delivery Company purchased a delivery van for S147000. At the end of its five-year service life. It is estimated that the van will be worth $15.000. During the five-year period, the company expects to drive the van 440,000 miles Required: Calculate annual depreciation for the five year life of the van using each of the following methods 1. Straight line 2. Sum-of-the-years' digits 3. Double declining balance 4. Units of production using miles driven as a measure of output and the following actual mileage Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 calculate annual depreciation for the five-year life of the van using straight line method Straight line Required 2 >
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