first blank and second blank options:

double-declining-balance

straight-line

units-of-production

third:

least or most

fourth:

largest or smallest

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 ab 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 50 depreciation, make sure to enter "o" in the appropriate column) Units-of- Double-Declining Straight-Line Production Balance 2018 2019 2020 Year 2021 The Total Requirement 2. Which method best tracks the wear and tear on the van? method tracks the wear and tear on the van most closely Requirement 3. Which method would Southern prefer to use for income tax purposes? Explain your reasoning in detail. For income tax purposes. Souther's would prefer the method because provides the Enter any number in the entields and then continue to the next question depreciation 2 1252 PM 3/21/2021 Prison Pgun 8 0 Requirement 2. Which method best tracks the wear and tear on the van? The method tracks the wear and tear on the van most closely Requirement 3. Which method would Southern prefer to use for income tax purposes? Explain your reasoning in detail. For income tax purposes, Southern's would prefer the and thus, the tax deductions in the early life of the asset. method because it provides the Ether any number in the edit fields and then continue to the next question depreciation