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2 2 of 2 Required information Exercise 11-1 (Algo) Depreciation methods (L011-2) The following information applies to the questions displayed below) On January 1, 2021,

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2 2 of 2 Required information Exercise 11-1 (Algo) Depreciation methods (L011-2) The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $30,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 128,000 miles. ipped Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. Door Hint Print Exercise 11-1 (Algo) Part 3 Merce 3. Units of production using miles driven as a measure of output, and the following actual mileage: (Do not round Intermediate calculations.) Depreciation Year 2021 20122 2023 2024 2025 Miles 36,000 10,000 15.000 34,000 35,000

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