On January 1, 2024, Fast Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Fast spent $2,200 painting it, $1,500 replacing tires, and $5,300 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, Jacob Nealy, 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. 12-31-2027 12-31-2028 90,000 + 5 years 90,000 + 5 years 11 18,000 72,000 27,000 18,000 90,000 9,000 Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. (Round depreciation expense per unit to two decimal places.) ( Cost ( $ 99,000 Depreciation per unit = $ 0.90 Residual value ). $ 9,000 )+ Useful life in units 100,000 = Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, $X.XX.) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Date Cost Depreciation Per Unit Number of Units Depreciation Accumulated Expense Depreciation Book Value 1-1-2024 99,000 12-31-2024 90,000 12-31-2025 000'06 12-31-2026 12-31-2027 12-31-2028 .90 = 81,000 .90 = 81,000 90,000 x .90 = 81,000 90,000 x .90 = 81,000 90,000 x .90 II 81,000 elp me solve this Etext pages Get more help ook Pro A on DA AT Clear all Check answer SSG DA31_P... Aa !