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West Side Pizza bought a used Ford delivery van on January 2, 2021, for $19,000. The van was expected to remain in service for four

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West Side Pizza bought a used Ford delivery van on January 2, 2021, for $19,000. The van was expected to remain in service for four years (68,800 miles). At the end of its useful life, West Side management 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. Read the requirements. Requirement 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. Prepare a schedule of depreciation expense per year for the van under the straight-line method. (Complete all input fields. Enter a 0 for any zero balances.) Requirement 1. Prepare a schedule of depreciation expense per year for the van under the three depreciation methods. Prepare a schedule of depreciation expense per year for the van under the straight-line method. (Complete all input fields, Enter a 0 for any zero balances.) 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.) 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 O for any zero balances.) Prepare a schedule of depreciation expense per year for the van under the double-declining-balance (DDB) method. (Round any intermediary computations to fwo decimal places, X.XX, and your final answers to the nearest whole dollar. Complete all input fields. Enter a 0 for any zero balances.) 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. (68,800 mles). At the end of its useful life, West Side management 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. Read the reguirements. 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 West Side prefer to use for income tax purposes? Explain your reasoning in detail. For income tax purposes. West Side's would profer the method because it provides the and thus, the tax deductions in the early life of the asset

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