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On January 1 , 2 0 2 4 , Speedway Delivery Service purchased a truck at a cost of $ 8 0 , 0 0

On January 1,2024, Speedway Delivery Service purchased a truck at a cost of $80,000. Before placing the truck in service, Speedway spent $4,000 painting it, $600 replacing tires, and $7,400 overhauling the engine. The truck should remain in service for five years and have a residual value of $8,000. The truck's annual mileage is expected to be 30,000 miles in each of the first four years and 20,000 miles in the fifth year-140,000 miles in total. In deciding which depreciation method to use, Harvey Warner, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, unis-of-production, and double-declining-balance).
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