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Required information Exercise 11-1 (Algo) Depreciation methods [LO11-2] The following information applies to the questions displayed below. On January 1, 2021, the Excel Delivery Company purchased a delivery van for $30,000. At the end of its five-year 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 132,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Exercise 11-1 (Algo) Part 3 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round intermediate calculations.) Year 2021 2022 2023 2024 2025 Miles 20,000 10,000 31,000 36,000 37,000 Depreciation $ 4,100 2,050 6,355 7,380 7,585 $ 27,470 Total