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On January 2, 2018, Brisk Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Brisk spent $2,200 painting

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On January 2, 2018, Brisk Delivery Service purchased a truck at a cost of $90,000. Before placing the truck in service, Brisk 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, 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 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 Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 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.) Depreciation per unit Prepare a depreciation schedule using the units of production method. (Enter the depreciation per unit to two decimal places, SX.XX.) Accumulated Depreciation Book Value Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Round depreciation expense to the nearest

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