On January 1, 2024, Swifty Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Swifty spent $4,000 painting it, $500 replacing tires, and $4,500 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, 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 Date Asset Cost Depreciable Cost Useful Depreciation Accumulated Book Life Expense Depreciation Value 1-1-2024 1231-2024 1231-2025 12-31-2026 12-31-2027 12-31-2028 Calculator