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On January 1, 2018. Brik Delivery Service purchased a truck at a cost of $90.000. Before placing the truck in service is spent 2.200 pairing

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On January 1, 2018. Brik Delivery Service purchased a truck at a cost of $90.000. Before placing the truck in service is spent 2.200 pairing it $1,700 replacing tires and 55, 100 overhauling engine. The fuck wo m an in service for five years and have a residus value of $9.000 The truck's annual meage is expected to be 21,000 miles in each of the first four years and 16.000 miles in the fifth year 100.000 es in deciding which depreciation method to use Alec Rivers, the general manager, regis a depreciation schedule for each of the depreciation methods in soroduction and double-decking-wance) Hond the equirements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost aprecieron export, m Begin by preparing a depreciation schedule using the t h e method ed depreciation, and asset book value Book Accumulated Depreciation Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Date 1-1-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31 2022 ne me A Requirements the Yea 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Brisk 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 Brisk uses the truck. Identify the depreciation method that meets the company's objectives. [Dono)

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