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Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7-4) [The following information applles...

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Required information Exercise 7-11 (Algo) Determine depreciation under three methods (LO7-4) [The following information applles to the questions displayed below] On January 1, Speedy Delivery Company purchases a delivery van for $28,800. Speedy estimates that at the end of its four-year service life, the van wil be worth $4,400. During the four-year period, the company expects to drive the van 122,000 miles. Actual miles driven each year were 33,200 miles in year 1 and 36,300 miles in year 2 . Required: 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

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