Homework: Chapter 7 Homework Score: 0 of 1 pt E7-26A (similar to) 3 of 5 (2 complete) HW Score: 33.33%, 1.6 Question H East Side Pizza bought a used Ford delivery van on January 2, 2018, for $20,000. The van was expected to remain in service for four years (45,000 miles) At the end of its useful le, East Side manag estimated that the van's residual value would be $2,000. The van traveled 17,000 miles the first year, 18,000 miles the second year, 5.000 miles the third year, and 5,000 miles in the fourth year. Read the revements Requirement 1. Prepare a schedule of depreciation expense per year for the an under the three depreciation methods (For units of production and double declining-balance methods, round to the ne decimal places after each step of the calculation. For years with 50 depreciation, make sure to enter in the appropriate column) Year Straight-Line 2010 2010 Requirements 2020 2021 Total 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) 2. Which method best tracks the wear and tear on the van? 3. Which method would East Side prefer to use for income tax purposes? Explain your reasoning in detal Print Done Enter any number in the edit fields and then click Check Answer 4 parts Clear All Check Answer remaining