Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its...

Instructions in the picture. Cannot figure out depreciation for 2025. The answer is not 26,000 *.38 or 9500 - 1000.

Extracted text: Required information [The following information applies to the questions displayed below.] On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service life, it is estimated that the van will be worth $1,000. During the five-year period, the company expects to drive the van 135,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Year Miles Depreciation 2021 27,000 s 10,260 2022 29,000 11,020 30,000 25,000 11,400 9,500 2023 2024 2025 26,000 Total 42,180