Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7.4) [The following information applies to the questions displayed below] On January 1, Speedy Delivery Company purchases a dellvery van for $42,400. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 180.000 miles. Actual miles driven each year were 46,000 miles in year 1 and 50,000 miles in year 2 . Required: Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.) Exercise 7-11 (Algo) Part 1 1. Straight-line. Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below] On January 1, Speedy Delivery Company purchases a delivery van for $42,400. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 180.000 miles Actual miles driven each year were 46,000 miles in year 1 and 50,000 miles in year 2. Required: Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.) Exercise 7.11 (Algo) Part 2 2. Double-decining-balance. Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7-4) [The following information applies to the questions displayed below.] On January 1, Speedy Delivery Company purchases a delivery van for $42,400. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 180,000 miles. Actual miles driven each year were 46,000 miles in year 1 and 50,000 miles in year 2. Required: Calculate annual depreciation for the first two years using each of the following methods. (Do not round your intermediate calculations.) Exercise 7.11 (Algo) Part 3 3. Activity-based