E Question Help $1,500 a truck at a cost of $65,000. Before placing the truck in service, Speedy replacing tires, and $10,800 overhauling the engine. The truck should remain in is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year-105,000 miles in total. In deciding which d Carl Thomas, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-pr spent $2,200 painting for five years and have a residual value of $6,000. The truck's annual mileage in total. In deciding which depreciation method to use g-balance). oduction, and Read the requirements book value Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Date Cost Cost Rate Value 1-1-2016 12-31-2016 12-31-20117 12-31-2018 12-31-2019 12-31-2020