Accounting and Finance: Managerial Use Analysis - 11669 | 10/13/19 5:59 PM Homework: Week 6: Homework Sav Score: 0.84 of 8 pts 2 of 6 (6 complete) HW Score: 51.07%, 22.98 of 45 %E7-26A (similar to) Question Help Southern Pizza bought a used Ford delivery van on January 2, 2018, for $21,800. The van was expected to remain in service for four years (48,750 miles). At the end of its useful life, Southern management estimated that the van's residual value would be $2,300. The van traveled 15,000 miles the first year, 17,000 miles the second year, 12,500 miles the third year, and 4,250 miles in the fourth year. Read the requirements Requirement 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. For years with $0 depreciation, make sure to enter "0" in the appropriate column.) Year Straight-Line A Requirements - X 2018 2019 2020 2021 Total 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.) 2. Which method best tracks the wear and tear on the van? 3. Which method would Southern prefer to use for income tax purposes? Explain your reasoning in detail