700,000 miles the first year, 1,350,000 miles each year during the second, third, and fourth years, and 2,550,000 miles the last year. (Click the icon to view the first year depreciation amounts under each method.) Read the requirements. 1. Which depreciation method offers the highest tax advantage for the first year? Describe the nature of the tax advantage. The method offers the tax advantage for the first year of the asset's use. The advantage results from the amount of depreciation (versus the other methods) in the first year. This method also produces the cash that the taxpayer can invest to earn more income. (Round the depreciation rates to two decimal places. Round your final answers to the nearest whole dollar.)