on pt 2/5 need for all requirements
Requirements 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 Southern prefer to use for income tax purposes? Explain your reasoning in detail. \begin{tabular}{l|l|} \hline Year & uOP \\ \hline 2221 & \\ 2022 & \\ 2022 & \\ 2024 & \\ Tetal & \end{tabular} manogement estmatod that the var's residuas value would be $2,600. The van traveied 40,000 miles the first year, 33,000 miles the second year, 18,000 miles the third year, and 11,000 miles in the fourth year: Resd the requirements. Requirement 1. Prepare a schedvle of depreciation expense per year for the van under the three depreciation methods. Prepare a schedule of depreciation expenso per year for the van under the straightine method. (Complete alt input flelds. Criser a 0 for any zero balances.) Requirements 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 Southern prefer to use for income tax purposes? Explain your reasoning in detail. \begin{tabular}{l|l|} \hline Year & uOP \\ \hline 2221 & \\ 2022 & \\ 2022 & \\ 2024 & \\ Tetal & \end{tabular} manogement estmatod that the var's residuas value would be $2,600. The van traveied 40,000 miles the first year, 33,000 miles the second year, 18,000 miles the third year, and 11,000 miles in the fourth year: Resd the requirements. Requirement 1. Prepare a schedvle of depreciation expense per year for the van under the three depreciation methods. Prepare a schedule of depreciation expenso per year for the van under the straightine method. (Complete alt input flelds. Criser a 0 for any zero balances.)