On January 1, 2024, Reliable Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Reliable spent $3,000 painting it, $500 replacing tires, and $4,200 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 year92,800 miles in total. In deciding which depreciation method to use, Carl Thomas, 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 Accumulated Book Depreciation Expense Date Cost Cost Life Depreciation Value 1-1-2024 12-31-2024 12-31-2025 + + + 12-31-2026 12-31-2027 12-31-2028 +