Memorial Medical Center bought equipment on January 2 for $27,000. The equipment was expected to remain in service for four years and to perform 840 operations. At the end of the equipment's useful life, Memorial estimates that its residual value will be $6,000. The quipment performed 84 operations the first year, 252 the second year, 336 the third year, and 168 the fourth year Read the requirements Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation meth wo years under double-declining balance depreciation, the company switched to the straight-line method Units of Double-Declining Year Straight-Line Production Balance Total tequirement 2. Which method most closely tracks the wear and tear on the equipment? he Requirement 3. Which method would Memorial prefer to use for income tax purposes in the first years of the equipment's lite? method most closely tracks the wear anatear on the equipment xplain in detail why a taxpayer would prefer this method. nimneac in tho firct voare of the anuinmant'e ter any number in the edit fields and then continue to the next