Public Medical Center bought equipment on January 2 for $18,000. The equipment was expected to remain in service for four years and to perform 680 operations. At the end of the equipment's useful life, Public estimates that its residual value will be $1,000. The equipment performed 68 operations the first year, 204 the second year, 272 the third year, and 136 the fourth year. Read the requirements Requirement 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company switched to the straight-line method. Double-Declining Balance Units of Year Straight-Line Production $ 4,250 $ 1,700 4,250 5,100 4,250 0,800 4,250 3.400 17.000 $ 17,000 Total odocs example Get more help- Requirements 1. Prepare a schedule of depreciation expense per year for the equipment under the three depreciation methods. After two years under double-declining balance depreciation, the company wwitched to the straight-line method 2. Which method most closely tracks the wear and tear on the equipment? 3. Which method would Public prefer to use for income tax purposes in the first years of the equipment's life? Explain in detail why a taxpayer would prefer this method Print Done