Determine depreciation under three methods (L07-4) E7-11 On January 1, Speedy Delivery Company purchases a delivery van for $90,000. Speedy estimates that at the end of its six-year service life, the van will be worth $30,000. During the six-year period, the company expects to drive the van 200,000 miles Required Calculate annual depreciation for the first two years using each of the following methods. Round all amounts to the nearest dollar 1. Straight-line 2. Double-declining-balance. 3. Activity-based Actual miles driven each year were 32,000 miles in year 1 and 35,000 miles in year 2 Determine straight-line depreciation for partial periods LO7-4)