3 of 3 Required information Exercise 11-1 (Algo) Depreciation methods [LO11-2] [The following information applies to the questions displayed below) On January 1, 2021, the Excel Delivery Company purchased a delivery van for $43,000. At the end of its five year service life, it is estimated that the van will be worth $4.000. During the five-year period, the company expects to drive the van 150,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods 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.) Depreciation Year 2021 2022 2023 2024 2025 Total 32,000 34,000 25,000 30,000 31,000