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 $30,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 128,000 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.) Answer is complete but not entirely correct. Miles 36,000 Year 2021 2022 2023 10,000 15,000 Depreciation IS 4,091 X 2,045 X 6,341 X 7,364 X 7,568 X $ 27,409 2024 2025 34.000 35,000 Total