On January the Excel Delivery Company purchased a delivery van for $ At the end of its fiveyear service life, it is estimated that the van will be worth $ During the fiveyear period, the company expects to drive the van miles.
Required:
Calculate annual depreciation for the fiveyear life of the van using each of the following methods.
Exercise Algo Part
Units of production using miles driven as a measure of output, and the following actual mileage:
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
tableYearMiles,DepreciationTntol$
