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Calculate annual depreciation for the five-year

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Reference no: EM132761952

Problem - On January 1, 2021, the Excel Delivery Company purchased a delivery van for $44,000. At the end of its five-year service life, it is estimated that the van will be worth $5,000. During the five-year period, the company expects to drive the van 146,000 miles.

Required - Calculate annual depreciation for the five-year life of the van using each of the following methods.

Reference no: EM132761952

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