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please help! any help is greatly appreciated Peadily management t h at he ' s Piccadily Puze bought a used Ford delivery van on January

please help! any help is greatly appreciated
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Peadily management t h at he ' s Piccadily Puze bought a used Ford delivery van on January 2, 2018, for $21.00. The van was expected to remain service for four years (48.750 m ) Aland of would be $2,300. The van traveled 15,000 miles the first year 17.000 es the second year, 12.500 miles the year, and 4.50 m in he fourth year Read the more Requirement 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. (For units-of-production and d the calculation. For years with SO depreciation, make sure to enter"0" in the appropriate column.) Units-of Production Double-Declining- Balance Straight-Line 6000 6800 4875 4875 2020 2021 Total 5000 1700 19500 19500 Requirement 2. Which method best tracks the wear and tear on the van? The units-of-production method tracks the wear and tear on the van most closely Requirement 3. Which method would Piccadilly prefer to use for income tax purposes? Explain your reasoning in detail For income tax purposes, Piccadilly's would prefer the double-declining balance method because it provides the most depreciation, and thus, the la

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