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CP Taste za bought a used Toyota delivery van on January 2 2016 for $20,200 The van was expected to remain in service for four

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CP Taste za bought a used Toyota delivery van on January 2 2016 for $20,200 The van was expected to remain in service for four years (12,500 miles) At the end of the Taste estimated that the vars residual value would be $1.700 The van traveled $2,000 miles the first year,21,000 miles the second year 20.000 mete the year and 19 500 des the fourth year Requirements 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods 2. Which method best tracks the wear and tear on the van? a which method would Tastatud prefer to use for ncome tax purposes Explam in detail why tasteful would prefer this method Requirement 1. Prepare a schedule or depreciation expense per year for the van under the three copreciation memodi. Marunt, ut production and soutie decoring buice metros cuando te bewest wo decimal places ater each step of the calculation For years with so depreciation, make sure to entero" in the appropriate con Year Straight-Line 2016 2017 Units-of- Year Production Straight-Line $ 4,625 2016 2017 4,625 2018 4,625 2019 4,625 $ Total 18,500

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