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 $50,000. At the end of its five-year service life, it is estimated that the van will be worth $2,000. During the five-year period, the company expects to drive the van 130,000 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.) Year 2021 2022 2023 Miles Depreciation 10,000 $ 3,692 15,000 5,538 32,000 11,815 37,000 13,662 38,000 $ 34,707 2024 2025 Total