Tasty Tongue Pizza bought a used Nissan delivery van on January $2,20$X$6,$ for $$23,000.$ The van was expected to remain in service for four years $(184,000$ miles$).$ At the end of its useful life, Tasty Tongue's officials estimated that the van's residual value would be $$4,600.$ The van traveled $60,000$ miles the first year, $63,000$ miles the second year, $11,000$ miles the third year, and $50,000$ miles in the fourth year.

Requirements

Prepare a schedule of depreciation expense per year for the van under the three depreciation methods.

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

Which method would Tasty Tongue prefer to use for income tax purposes? Explain in detail why Tasty Tongue prefers this method.

$\backslash$table$[[$Year$,$Straight$-$Line,$\backslash$table$[[$Units$-$of$-],[$Production$]],\backslash$table$[[$Double$-$Declining$-],[$Balance$]]],[206,,,],[207,,,],[208,,,],[209,,,],[$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 Tasty Tongue prefer to use for income tax purposes? Explain in detail why Tasty Tongue prefers this method.

For income tax purposes, Tasty Tongue would prefer the $$ method because it provides the $$ depreciation and, thus, the $$ tax deductions in the early life of the asset.