Rural Pizza bought a used Ford delivery van on January $2,2021,$ for $$22,000.$ The van was expected to remain in service for four years miles$).$ At the end of its useful life, Rural management estimated that the van's residual value would be $$2,000.$ The van traveled $32,000$ miles the first year, $28,000$ miles the second year, $15,000$ miles the third year, and $5,000$ miles in the fourth year.

Read the requirements.

$\backslash$table$[[2024,5,000],[,],[$Total $,20,000,]]$

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, X$.$XX$,$ and your final answers to the nearest whole dollar. Complete all input fields. Enter a $0$ for any zero balances.$)$

$\backslash$table$[[$Year$,$UOP$],[2021,$$$,8,000],[2022,,7,000],[2023,,3,750],[2024,,1,250],[$Total$,$$$,20,000]]$

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, X$.$XX$,$ and your final answers to the nearest whole dollar. Complete all input fields. Enter a $0$ for any zero balances.$)$

$\backslash$table$[[$Year$,$DDB$],[2021,],[2022,],[2023,],[2024,],[$Total$,]]$

Requirements

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.$)$

Which method best tracks the wear and tear on the van?

Which method would Rural prefer to use for income tax purposes? Explain your reasoning in detail.