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Required information Exercise 7.11 (Algo) Determine depreciation under three methods (LO7-4) The following information applles to the questions displayed below) On January 1. Speedy Delivery Company purchases a dellvery van for $29,600. Speedy estimates that at the end of its four-year service life, the van will be worth $4.800. During the four-year perlod, the company expects to drive the van 155.000 miles. Actual miles ditven each year were 41,000 miles in year 1 and 45,000 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. Exercise 7-12 (Algo) Determine straight-line depreciation for partial periods (LO7-4) Leland's Sandwiches acquired equipment on April1, 2024. for \$19.500. The company estimates a residual value or $2,300 and a fiveyear service life. Required: Calculate depreciation expense using the straight-ine method for 2024 and 2025 . assuming a December 31 year-end