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Peace Medical Center bought equipment on January 2 for $33,000. The equipment was expected to remain in service for four years and to perform 700 operatoris. At the end of the equipm Read the requitements Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three dopreciation methods. Afor tivo yoars under doubie-decining baince depreciation, th company switched to the straight-line method. Requirements 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreclation methods. Alor two years under double-declining balance depreclascn, the can switched to the straight-line method. 2. Which method most closely tracks the wear and tear on the equipmen? 3. Which method would Peace prefor to use for income tax pupeses in the frst yaars of the equipments ifor Explain in detal why a taxpayer would prefor this method