14 Required information Exercise 11-1 (Algo) Depreciation methods [LO11-21 The following information applies to the questions displayed below! Part 3 of 3 On January 1, 2021, the Excel Delivery Company purchased a delivery van for $52,000. At the end of its five-year service life, it is estimated that the van will be worth $1,000 During the five-year period, the company expects to drive the van 135,000 miles points Required: Calculate annual depreciation for the five-year life of the van using each of the following methods (3 02.09.07 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 Miles Depreciation 2021 2122 2028 NRSS 2024 2025 O Type here to search