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Required information Exercise 11-1 (Static) Depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1,2024 , the Excel Delivery Company purchased a delivery van for $33,000. At the end of its fiveyear service life, it is estimated that the van will be worth \$3,000. During the five-year period, the company expects to drive the van 100,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Exercise 11-1 (Static) Part 3 3. Units of production using miles driven as a measure of output, and the following actual mileage: Note: Do not round intermediate calculations. Required information Exercise 11-1 (Static) Depreciation methods [LO11-2] [The following information applies to the questions displayed below.] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $33,000. At the end of its fiveyear service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 100,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Exercise 11-1 (Static) Part 1 1. Straight line