Urban Pizza bought a used Toyota delivery van on January 2, 2016, for $19,000. The van was expected to remain in service for four years (68,800 miles). At the end of its useful life, Urban officials estimated that the van's residual value would be $1,800. The van traveled 26,500 miles the first year, 23,000 miles the second year, 15,500 miles the third year, and 3,800 miles in the fourth year. Requirements 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. 2. Which method best tracks the wear and tear on the van? 3. Which method would Urban prefer to use for income tax purposes? Explain in detail why Urban would prefer this method. wing Year Straight-Line Production Balance 2016 2017 2018 2019 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 Urban prefer to use for income tax purposes? Explain in detail why Urban would prefer this method. For income tax purposes, Urban's would prefer the method because it provides the depreciation, and thus, the tax deductions in the early life of the asset. Enter any number in the edit fields and then continue to the next