Deluxe Pizza bought a used Ford delivery van on January $2,2021,$ for $$23,000.$ The van was expected to remain in service for four years $(102,000$ miles$).$ At the end of its useful life, Deluxe management estimated that the van's residual value would be $$2,600.$ The van traveled $40,000$ miles the first year, $33,000$ miles the second year, $18,000$ miles the third year, and $11,000$ 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.

Prepare a schedule of depreciation expense per year for the van under the straight$-$line method. $($Complete all input fields. Enter a $0$ for any zero balances.$)$

$\backslash$table$[[$Year$,$Straight$-$Line$],[2021,],[2022,],[2023,],[2024,]]$

Requirements

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.$)$

Which method best tracks the wear and tear on the van?

Which method would Deluxe prefer to use for income tax purposes? Explain your reasoning in detail'.