Check my v Required Information Exercise 11-1 (Algo) Depreciation methods [LO11-2) The following information applies to the questions displayed below) On January 1 202tthe Excel Delivery Company purchased a delivery van for $53,000. At the end of its five- year service life, it is estimated that the van will be worth $5.000. 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 found Intermediate calculations) Year 2021 2022 2023 2024 2025 Total Miles Depreciation 28,000 30,000 41,000 26,000 27,000 $ 0