Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $35,200. Speedy estimates that at the end of its four-year service life, the van will be worth $6,000. During the four-year period, the company expects to drive the van 182,500 miles, Actual miles driven each year were 48,000 miles in year 1 and 54,000 miles in year 2. Required: Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-11 (Algo)