ACCOUNTING Chapter 11 HW Question 9 (of 21) 9. 10.00 points On January 1, 2016, the Excel Delivery Company purchased a delivery van for $46,000. At the end of its five-year service life, it is estimated that the van ill be worth $4,000. During the five-year period, the company expects to drive the van 150,000 miles Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. (Do not round intermediate calculations.) 1. Straight line $ 84001 per year 2. Sum-of-he-years' digits 2016 2017 2018 2019 2020 Total 14,000 200 8,400 $42,000
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