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 $41,600. 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 222,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 64,000 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) Part 1 1. Straight-line. 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 $41,600. 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 222,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 64,000 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) Part 2 2. Double-declining-balance. 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 $41,600. 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 222,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 64,000 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) Part 3 3. Activity-based