On January 1, 2024, Brisk Delivery Service purchased a truck at a cost of $95,000. Before placing the truck in service, Brisk spent $4,000 painting it, $1,200 replacing tires, and $8,800 overhauling the engine. The truck should remain in service for five years and have a residual value of $10,000. The truck's annual mileage is expected to be 26,000 miles in each of the first four years and 19,750 miles in the fifth year-123,750 miles in total. In deciding which depreciation method to use, Alec Rivera, 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 Depreciation for the Year Asset Depreciable Useful Date Cost Cost Life Depreciation Accumulated Expense Depreciation Book Value 1-1-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027