Piccadilly Pizza bought a used Ford delivery van on January 2, 2021, for $18,600. The van was expected to remain in service for four years (57,000 miles). At the end of its useful life, Piccadilly management estimated that the van's residual value would be $1,500. The van traveled 20,500 miles the first year, 16,000 miles the second year, 15,400 miles the third year, and 5,100 miles in the fourth year. Read the requirement Requirement 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods Prepare a schedule of depreciation expense per year for the van under the straight-line method. (Complete all input fields. Enter a 0 for any zero balances.) Year 2021 Straight-Line 2022 2023 2024 Total Prepare a schedule of depreciation expense per year for the van under the units-of-production (UOP) method (Round any intermediary computations to two decimal places, XXX and your final answers to the nearest whole dollar. Complete all input fields. Enter a 0 for any zero balances.) Year 2021 UOP 2022 2023 2024 Total Prepare a schedule of depreciation expense per year for the van under the double-declining-balance (DDB) method. (Round any intermediary computations to two decimal places, XXX, and your final answers to the nearest whole dollar. Complete all input fields. Enter a O for any zero balances.) Prepare a schedule of depreciation expense per year for the van under The double-declining-balance (DDB) method. (Round any intermediary computations to two decimal places, XXX, and your final answers to the nearest whole dollar. Complete all input fields. Enter a 0 for any zero balances.) Year 2021 2022 2023 DDB 2024 Total 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 Piccadily prefer to use for income tax purposes? Explain your reasoning in detail. For income tax purposes, Piccadilly's would prefer the asset method because & provides the depreciation, and thus, the tax deductions in the early life of the