Amathxl.com ACTG 201 - Principles of Financial Accounting - Fall 2021 Jonathan Schoof A 10/26/219:40 PM Homework: Cha... Question 2, PF10-31A (s... HW Score: 39.07%, 7.81 of 20 points Part 1 of 5 O Points: 0 of 8 Save On January 3, 2024. Fast Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Fast spent $4,000 painting it, $1,200 replacing tires, and $2,500 overhauling the engine. The truck should remain in service for five years and have a residual value of $5,100. The truck's annual mileage is expected to be 20,000 miles in each of the first four years and 12,800 miles in the fifth year-92,800 miles in total. In deciding which depreciation method to use, Jordan Lipnik, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance) Read the requirements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation Book Value 1-3-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027 12-31-2028 Clear All Final Check e Text Pages Calculator