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.$)$

$\backslash$table$[[$Year$,$Straight$-$Line$],[2021,$$$,5,000],[2022,,5,000],[2023,,5,000],[2024,5,000,],[$Total$,$$$,20,000]]$

to the nearest whole dollar. Complete all input fields. Enter a $0$ for any zero balances.$)$

$\backslash$table$[[$Year$,$UOP$],[2021,],[2022,],[2023,],[2024,],[$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 Southern prefer to use for income tax purposes? Explain your reasoning in detail.