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Tasteful Pizza bought a used Ford delivery van on January 2, 2018, for $18,000. The van was expected to remain in service for four yearsleft parenthesis (41,750 miles). At the end of its useful life, TastefulTasteful management estimated that the van's residual value would be $1,300. The van traveled 13,000 miles the first year, 11,250 miles the second year,10,250 miles the third year, and7,250 miles in the fourth year.

Requirement 1. Prepare a schedule of depreciation appropriate column.) ear for the van under the three depreciation methods. (For units-of-production and double-declining-balance methods, round to the neare Units-of Double-Declining 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production and double-declining-balance methods, round to the nearest two decimal places after each step of the calculation.) Year 2018 2019 2020 2021 Total Straight-Line Production Balance 2. Which method best tracks the wear and tear on the van? 3. Which method would Tasteful prefer to use for income tax purposes? Explain your reasoning in detail Requirement 2. Which method best tracks the wear and tear on the van? The Requirement 3 Which method would Tasteful prefer to use for income tax purposes? Explain your reasoning in detail. For income tax purposes, Tasteful's would prefer the Vmethod tracks the wear and tear on the van most closely method because it provides thedepreciation, and thus, the Vtax deductions in the early life of the asset. least double-declining-balance straight-line units-of-production most largest smallest

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