Anatomy Medical Center bought equipment on January 2 for $30,000. The equipment was expected to remain in service for four years and to perform 800 operations. At the end of the equipment's useful life, Anatomy estimates that its residual value will be $2,000. The equipment performed 80 operations the first year, 240 the second year, 320 the third year, and 160 the fourth year. Read the requirements. Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company switched to the straight-line method. Units of Production Double-Declining Balance Year Straight-Line 1 2 3 4 Total Requirement 2. Which method most closely tracks the wear and tear on the equipment? The method most closely tracks the wear and tear on the equipment. Requirement 3. Which method would Anatomy prefer to use for income tax purposes in the first years of the equipment's life? Explain in detail why a taxpayer would prefer this method. Anatomy would prefer to use the method for income tax purposes in the first years of the equipment's life because it produces the taxable income