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On January 1, 2018 Brisk Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Brisk spent $2.200 painting

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On January 1, 2018 Brisk Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Brisk spent $2.200 painting it. $1.200 replacing tires, and $4,300 overhauling the engine. The truck should remain in service for five years and have a residual value of $5,100. The truck's annual mileage is expected to be 20.000 miles in each of the first four years and 12,800 miles in the fifth year-92.800 miles in total. In deciding which depreciation method to use. Jordan Lipnik. 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 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 Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-1-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022

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