(2)West Side’s Pizza bought a used Toyota delivery van on January? 2, 2014, for $22,000. The van was expected to remain in service for four years left parenthesis (80,000 miles). At the end of its useful? life, West Side?’s officials estimated that the? van’s residual value would be $2,000.The van traveled 32,000 miles the first? year, 28,000 miles the second? year, 15,000 miles the third? year, and 5,000 miles in the fourth year.RequirementsA.Make a schedule ofdepreciation expenseper year for the van under the three depreciation methods.B.Which method best tracks the wear and tear on the? van?C.Which method would West Side?’s prefer to use for income tax? purposes? Explain in detail whyWest Side?’s prefers this method.Requirement 1. Make a schedule ofdepreciation expenseper year for the van under the three depreciation methods.?(For units-of-production and? double-declining-balance, round to the nearest two decimal places after each step of the calculation.For years with? $0 depreciation, make sure to enter? “0” in the appropriate? column.)??Year Straight-Line2014201520162017Total
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