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Required information Exercise 7-11A Determine depreciation under three methods (L07-4) (The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $30,400. Speedy estimates that at the end of its four-year service life, the van will be worth $5,200. During the four-year period, the company expects to drive the van 157,500 miles. Actual miles driven each year were 42,000 miles in year 1 and 46,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-11A Part 1 1. Straight-line Year Annual Depreciation 1 2 Required information Exercise 7-11A Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below.) Speedy Delivery Company purchases a delivery van for $30,400 Speedy estimates that at the end of its four-year service life, the van will be worth $5,200. During the four-year period, the company expects to drive the van 157.500 miles. Actual miles driven each year were 42,000 miles in year 1 and 46,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-11A Part 2 2. Double-declining-balance. Yoar Annual Depreciation 1 2 D Required information Exercise 7-11A Determine depreciation under three methods (L07-4) [The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $30.400. Speedy estimates that at the end of its four-year service life, the van will be worth $5,200. During the four-year period, the company expects to drive the van 157,500 miles. Actual miles driven each year were 42,000 miles in year 1 and 46,000 miles in year 2 Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-11A Part 3 3. Activity-based. Year Annual Depreciation 1 2