value 1.75 points Exercise 7-11 Determine depreciation under three methods (L07-4) Speedy Delivery Company purchases a delivery van for $33,600. 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 177.500 miles Actual miles driven each year were 46,000 miles in year 1 and 51,000 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) 1. Straight-line. 8 Answer is complete but not entirely correct. Annual Depreciation Year 7.100 S 5.680 2 Double-declining-balance