Exercise 7-11A Determine depreciation under three methods (L07-4) The following information applies to the questions displayed below) Speedy Delivery Company purchases a delivery van for $31,200 Speedy estimates that at the end of its four-year service life, the van will be worth $5,600 During the fouryear period, the company expects to drive the von 128.000 miles Actual miles driven each year were 35,000 miles in year 1 and 39,000 miles in year 2 Required: Calculate annual depreciation for the first two years of the van using each of the following methods (Do not round your intermediate calculations.) Exercise 7-11A Part 2 2. Double-declining balance Year Annual Depreciation 1