Homework: Homework 1 Part 15 HW Score: 18 18%, 0.56 of 3 points Points: 0 of 1 Save On January 3, 2016. Swy Delivery Service purchased a truck at a cost of $95.000 Beforeplacing the truck in service, Swifty spent 54.000 panting 3.00 replacing times and 59.400wing mergne The truckshot Teman in service for five years and have a resolve of 510.000 The truck's male is expected to be 23.000 mes nach of the best four years and 18.750mlesin ha-123.750 in Weiding which depreciation method to use, Jondan Lipok the general managers a depreciation schedule for each of the depreciation methods of rotation, and double declining balance Read the CD Aset Requirement 1. Prepare a depenesten helt for each depreciation method showing met com depreciation expectand deren en ont book in llegin by preparing a depreciation schedule wong the traghinu metod Straight Line Depreciation Schedule Depreciation for the Year Depreciation Accuted le Date Cost Cost Lite Deprecat Val 1-3-2010 12-31-2010 13.312017 12:31 2018 12.31-2013 12:31-2020 Clear all Check an Help me solve this Demodocs example Get more help 12:53 Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Swifty prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use. Consider the first year that Swifty uses the truck. Identify the depreciation method that meets the company's objectives Print Done Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation 1-3-2016 Book Value 12-31-2016 12-31-2017 12-31-2018 12-31-2019 Il 11 11 11 11 12-31-2020