is Question: 9 pts 13 of 14 (9 complete) This Quiz: 30 pts poss On January 2, 2018 Swiny Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2.200 painting it $300 replacing ties, and $6.000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000. The truck's annual mileage is expected to be 21000 mes in each of the first four years and 16.000 miles in the year 100 000 milesin i n deciding which depreciation method to use Harold Parker, the general manager requests a depreciation schedule for each of the depreciation methods ag e nts of production and double decling balance) com p ren d e Requirement 1. Prepare a depreciation schedule for each depreciation method showing asset cost deprecation expense Begin t earing a c tion schedule and the stage method Straight Line Depreciation Schedule Depreciation for the Year Book A Derection Derbi Usul t Cost Accumulated Dec Ch r om any or enter any number in the outfields and then continue to the next question 018, Switty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swity spent $2.200 punong 5800 O overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's annual mileage is lles in each of the first four years and 16,000 miles in the fifth year--100,000 miles in total. In deciding which depreciation method to use, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, unts of production, and ng balance) 0 Requirements nt 1. reparind Line De 1. Prepare a depreciation schedule for each depreciation method, showing asset cost depreciation expense accumulated depreciation, and asset book value 2. Switly 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 Prin [Done e from any F G H K L M and $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000 The truc e 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation Told Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of produc uble declining-balance). tead the requirements Asset Cost Depreciation for the Year Depreciable Useful Depreciation Cost Expense Accumulated Depreciation Book Value Date 1-2-2018 12-31-2018 12-31-2019 12-31-2020 Choose from any list or enter any number in the input fields and then continue to the next question eto ER TULLOP D F G H I J K L 21.000 miles in each of the first four years and 16,000 miles in the fifth year -100,000 miles no n WLUTI ON old Parker, the general manager requests a depreciation schedule for each of the depreciation methods (straight-line, unts of production and ble-declining balance) ead the comments 12-31-2020 12-31-2021 1231-2022 Before completing the units of production depreciation schedule calculate the depreciation expense per unit. Select the formula then enter the amounts and calculate the depreciation expense per unit (Round depreciation expense per unit to two decimal places) Depreciation perunt Choose from any list of enter any number in the input fields and then continue to the next question here to search und $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's annual mileage is expect 21,000 miles in each of the first four years and 16,000 miles in the fifth year--100,000 miles in total. In deciding which depreciation method to use, Parker, the general manager requests a depreciation schedule for each of the depreciation methods (straight-ine, units of production, and he declining balance) d the featurements epare a depreciation schedule using the units of production method. (Enter the depreciation per unit to two decimal places, SXC) Onits-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-2-2018 2.31.2010 Choose from any intor enter any number in the put fields and then continue to the next question to seach January 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2.200 and 56,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's be 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation me arold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production Duble declining balance) Depreciation Per Unit Number of Units Depreciation Expense Accumulated Depreciation Book Value Read the requirements Asset Date Cost 1-2-2018 12.31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Choose from any list or enter any number in the input fields and then continue to the next question touch c. v B|| N | M | January 2, 2018, Switty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifly spent $2,200 painting it. 58 s, and $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000. The truck's annual mileage e 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation method to use, rold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production, and muble declining balance) ead the requirements Prepare a depreciation schedule using the double-declining balance (DOB) method (Round depreciation expense to the nearest whole dolar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DOB Depreciation Accumulated Book Date Cost Expense Depreciation Value 1.2.2018 12-31-2018 Value Rate Choose from any or enter any number in the put fields and then continue to the next question ere to search ary 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2,200 pal i $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's anno 1,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation metho Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production, an declining balance) the grements Asset Book Value Depreciation for the Year DDB Depreciation Rate Expense Accumulated Depreciation Book Value Cost Date 1.2.2018 12-31-2018 12-31-2019 12-31-2020 Choose from any list or enter any number in the input fields and then continue to the next question to search N estion: 9 pls 13 of 14 (9 complete) This Quiz: 30 inuary 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2,200 painting it, $80 and $6.000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000 The truck's annual mileage 21000 miles in each of the first four years and 15 000 miles in the th year 100 000 miles in total In deciding which depreciation method to use id Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight line, units of production and ble declining balance) w the 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Requirement 2. Swifty prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use Conside Tirst year that Swity uses the truck Identify the depreciation method that meets the company's objectives method it produces the depreciation The depreciation method that reports the highest net income in the first year is the expense and therefore the ughest net income Choose from any list or any number the inputs and then continue to the need question to search Ev BNM: .il is Question: 9 pts 13 of 14 (9 complete) This Quiz: 30 pts poss On January 2, 2018 Swiny Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2.200 painting it $300 replacing ties, and $6.000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000. The truck's annual mileage is expected to be 21000 mes in each of the first four years and 16.000 miles in the year 100 000 milesin i n deciding which depreciation method to use Harold Parker, the general manager requests a depreciation schedule for each of the depreciation methods ag e nts of production and double decling balance) com p ren d e Requirement 1. Prepare a depreciation schedule for each depreciation method showing asset cost deprecation expense Begin t earing a c tion schedule and the stage method Straight Line Depreciation Schedule Depreciation for the Year Book A Derection Derbi Usul t Cost Accumulated Dec Ch r om any or enter any number in the outfields and then continue to the next question 018, Switty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swity spent $2.200 punong 5800 O overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's annual mileage is lles in each of the first four years and 16,000 miles in the fifth year--100,000 miles in total. In deciding which depreciation method to use, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, unts of production, and ng balance) 0 Requirements nt 1. reparind Line De 1. Prepare a depreciation schedule for each depreciation method, showing asset cost depreciation expense accumulated depreciation, and asset book value 2. Switly 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 Prin [Done e from any F G H K L M and $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000 The truc e 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation Told Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of produc uble declining-balance). tead the requirements Asset Cost Depreciation for the Year Depreciable Useful Depreciation Cost Expense Accumulated Depreciation Book Value Date 1-2-2018 12-31-2018 12-31-2019 12-31-2020 Choose from any list or enter any number in the input fields and then continue to the next question eto ER TULLOP D F G H I J K L 21.000 miles in each of the first four years and 16,000 miles in the fifth year -100,000 miles no n WLUTI ON old Parker, the general manager requests a depreciation schedule for each of the depreciation methods (straight-line, unts of production and ble-declining balance) ead the comments 12-31-2020 12-31-2021 1231-2022 Before completing the units of production depreciation schedule calculate the depreciation expense per unit. Select the formula then enter the amounts and calculate the depreciation expense per unit (Round depreciation expense per unit to two decimal places) Depreciation perunt Choose from any list of enter any number in the input fields and then continue to the next question here to search und $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's annual mileage is expect 21,000 miles in each of the first four years and 16,000 miles in the fifth year--100,000 miles in total. In deciding which depreciation method to use, Parker, the general manager requests a depreciation schedule for each of the depreciation methods (straight-ine, units of production, and he declining balance) d the featurements epare a depreciation schedule using the units of production method. (Enter the depreciation per unit to two decimal places, SXC) Onits-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-2-2018 2.31.2010 Choose from any intor enter any number in the put fields and then continue to the next question to seach January 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2.200 and 56,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's be 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation me arold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production Duble declining balance) Depreciation Per Unit Number of Units Depreciation Expense Accumulated Depreciation Book Value Read the requirements Asset Date Cost 1-2-2018 12.31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Choose from any list or enter any number in the input fields and then continue to the next question touch c. v B|| N | M | January 2, 2018, Switty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifly spent $2,200 painting it. 58 s, and $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000. The truck's annual mileage e 21,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation method to use, rold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production, and muble declining balance) ead the requirements Prepare a depreciation schedule using the double-declining balance (DOB) method (Round depreciation expense to the nearest whole dolar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DOB Depreciation Accumulated Book Date Cost Expense Depreciation Value 1.2.2018 12-31-2018 Value Rate Choose from any or enter any number in the put fields and then continue to the next question ere to search ary 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2,200 pal i $6,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9,000. The truck's anno 1,000 miles in each of the first four years and 16,000 miles in the fifth year-100,000 miles in total. In deciding which depreciation metho Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units of production, an declining balance) the grements Asset Book Value Depreciation for the Year DDB Depreciation Rate Expense Accumulated Depreciation Book Value Cost Date 1.2.2018 12-31-2018 12-31-2019 12-31-2020 Choose from any list or enter any number in the input fields and then continue to the next question to search N estion: 9 pls 13 of 14 (9 complete) This Quiz: 30 inuary 2, 2018, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $2,200 painting it, $80 and $6.000 overhauling the engine. The truck should remain in service for five years and have a residual value of $9.000 The truck's annual mileage 21000 miles in each of the first four years and 15 000 miles in the th year 100 000 miles in total In deciding which depreciation method to use id Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight line, units of production and ble declining balance) w the 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Requirement 2. Swifty prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use Conside Tirst year that Swity uses the truck Identify the depreciation method that meets the company's objectives method it produces the depreciation The depreciation method that reports the highest net income in the first year is the expense and therefore the ughest net income Choose from any list or any number the inputs and then continue to the need question to search Ev BNM: .il