Public Medical Center hought equipment on January 2 for $21.000, The aquement was expected to remain in service for four years and to perform 720 operarioru. At the end of the equipment useful to, Patlie estimates that its residual value wit be $3,000. The equipment performed 72 cperations the first year, 216 the second your 288 the third year and 144 the fourth year. Read the requirements Requirement 1. Prepare a schedule of depreciation expenso per year for the equpment under the three depreciation methods. Aher two years under double-dasining balance depreciation, the company watched to the straight-ne method Year Straight-Line 1 2. 3 Total DC Lindor 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 switched 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