Financial Accounting Students Please are shaded in areas that Exercise 7-19, 2, 3 Determining depreciation amounts by three methods Student Name Course Name Student ID Date supmore Bournes Uttle Caesar's Pizza bought a used Nissan delivery van on ianuary 2, 20x1, for $15.000 The van was expected to remain in service 4 years (100,000 miles). At the end of its useful life. Uttle Caesar's officials estimated that the van's residual value will be $3,000. The van traveled 34,000 miles the first year 2.000 the second year, 18.000 the third year, and 20,000 in the fourth year. Prepare a schedule of depreciation expense per year for the van under the 3 depreciation methods. Show your computations. (pp. 375-378) Which method best tracks the wear and tear on the van? Which method would Little Caesar's prefer to use for income tax purposes? Explain in detail why Little Caesar's prefers this method. p. 381) Test Your Knowledge Exercise 7.19 Instructions Show answers below, but explain how you arrived at them in the space provided. Straight- Double Declining Units-of- Production 20x1 20X2 20x3 20x4 Show Computations Straight Line Computation Units-of-productions Computations: Exercise 7-19 Double-declining balance Computations: Which method best tracks the wear and tear on the van? Select from list Select from list which method for income tax purposes? Why? Enter explanation here