On January 1, 2024, Trusty Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Trusty spent $4,000 painting it, $1,500 replacing tires, and $9,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year-105,000 miles in total. In deciding which depreciation method to use, Mikail Johnson, 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

On January 1, 2024. Trusty Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Trusty spent $4,000 painting it, $1,500 replacing tires, and $9,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year 105,000 miles in total. In deciding which depreciation method to use, Mikail Johnson, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance)