3 Part 1 of 3 Required information [The following information applies to the questions displayed below.] On January 1, Year 1, a company purchased a delivery vehicle for $40,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $4,000. During the five-year period, the company expects to drive the vehicle 121,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 1. Straight line. Straight line per year