On January 1, 2018, Brisk Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Brisk spent $4,000 painting it, $600 replacing tires, and $4,400 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 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, Harvey Warner, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance). Read the requirements. Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense. accumulated depreciation, and asset book value. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Asset Depreciation for the Year Depreciable Useful Depreciation Cost Expense Accumulated Book Date Cost Life Depreciation Value 1-1-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-81-2022 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. Print Done