On January 2, 2018, Rapid Dalivery Service purchased a truck at a cost of $80,000. Before placing the truck in service, Rapid spent 54,000 painting it, 5800 replacing tires, and $7,200 overhauing the engine. The truck should remain in service for five years and have a residual value of $8,000. The truck's annual mileage is expected to be 30,000 miles n each of the first four years and 20,000 miles in the fifth year-140,000 miles in total. In deciding which depreciation method to use, Andy Sargeant, 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 Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, $XxX) Units-of-Production Depreciation Schedule Depreciation for the Year Number of Units Depreciation Accumulated Book Value Date Cost Per Unit Ex pense Depreciation 1-2-2016 92,000 12-31-2016 12-31-2017 12-31-2018 12-31-2019 12-31-2020 0.80 x 0.80x 0.80x 0.80x 0.80 x 30,000=$ 18, $ 18,000 38,000 54,000 72,000 84,000 5 92,000 74,000 58,000 38,000 20,000 8,000 30,000 = 30,000 = 30,000 = 18,000 18,000 18,000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Round depreciation expense to the nearest whole dollar.) ance Depreciation Schedule Book Value Depreciation for the Year DOB Rate Accumulated Boolk Expense DepreciationValue Asset Date Cost 1-2-2016 92,000 12-31-2018 12-31-2017 12-31-2018 12-31-2019 12-31-2020 5 92,000 S 92,0002x (1/5) 2x (1/5) 2x (1/5) 2x (1/5) 8,000