On January 2, 2018, Speedy Delivery Service purchased a truck at a cost of $80.000. Before placing the truck in service, Speedy spent $4,000 painting it, $1.700 replacing tires, and $6,300 overhauling 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 in 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, Jordan Lipnik, 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

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.)

( 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