Wellness Medical Center bought equipment on January 2 for $15,000. The equipment was expected to remain in service for four years and to perform 600 operations. At the end of the equipment's useful life, Wellness estimates that its residual value will be $3,000. The equipment performed 60 operations the first year, 180 the second year, 240 the third year, and 120 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. Units of Double-Declining Balance Production Year Straight-Line 1 2 3 4 Total Enter any number in the edit fields and then continue to the next question. 9:38 PM Total Requirement 2. Which method most closely tracks the wear and tear on the equipment? The method most closely tracks the wear and tear on the equipment Requirement 3. Which method would Wellness 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. taxable income. V method for income tax purposes in the first years of the equipment's life because it produces the Wellness would prefer to use the ? Enter any number in the edit fields and then continue to the next question. 0:29 PM