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Homework: Chapter 9 Homework Question 6, PF9-31A (similar to) Part 1 of 5 HW Score: 73.95%, 14.79 of 20 points Points: 0 of 5 Save On January 1, 2024, Quick Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Quick spont $2,200 painting it, $2,500 replacing tires, and $9,800 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year105,000 miles in total. In deciding which depreciation method to use, Jacob Nealy, 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 Asset Depreciable Useful Accumulated Book Depreciation Expense Date Cost Life Depreciation Value Cost 79.500 1-1-2024 $ S 73,500 + 5 years 12-31-2024 12-31-2025 12-31-2026 73,500 - 73,500 - 73,500 5 years 5 years 12-31-2027 5 years 5 years = = 12-31-2028 73,500