On January 2, 2018, Trusty Delivery Service purchased a buck at a cost $5,000. Before placing the truck is service Truly spent $2,200 painting, replacing tires, and $11,700 overhauling the engine. The truck should remain in service for ve years and have a residual value of $8,000. The truck's annual milonga is expected to be 23.000 miles in each of the first four years and 13.000 miles in the year 105 000 miles in total in deciding which depreciation method to use, Alec Rivera, the general manager request a depreciation schedule for each of the depreciation methods ( hine, units of production, and double-decling-balance) Read the requirements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing cost, depreciation expense, accumulated depreciation, and we book value Begin by propering a depreciation schedule using the straight line method Instructor Tip Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Hint the cost of an asset should include items to get the asset ready Date Cost Cost Life Expense Depreciation Value 1-2-2018 1231-2018 12-31-2010 12-31-2020 12-31-2021 Choose from any list or enter any number in the inputs and then continue to the next question On January 2, 2018 Trusty Delivery Service purchased a truck at a cost of $85.000. Before placing the truck in service Trusty spent $2.200 painting it, 5600 replacing tires, and $11.700 v i ng the engine. The truck should remain in service for the years and have a residual value of 000. There's a long is expected to be 23,000 miles each of the first four years and 13.000 miles in the fith year105,000 miles in total. In deciding which deprecision method to use, Aloe Rivera, the general manager, questa decision schedule for each of the depreciation methods straighline, its of production, and douis declining-balance Read the requirements orter the amounts and cat e the depreciation expense per unit Round Before completing the units of production derecon schedule, calculate the depreciation expense por unit a t the form depreciation sense per unit to two decimale ) - Duration per una ate ofwel de XXX) Prepare a depreciation schedule on the t rution motore the d Un of Production Depreciation dute Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense 1-2-2018 Accumulated Depreciation 1231 2018 Choose from any ist or enter any number in the input fields and then continue to the ned question On January 2, 2018 Trust Delivery Service purchased a truck at a cost of $5.000. Before placing the truck in service, Trusty spent $2.200 painting it. $600 replacing tires, and $11,700 overhauling the engine. The truck should remain in service for five years and have a residual value of $8.000. The truck's nua g e is expected to be 23,000 miles in each of the fest four years and 13.000 miles in the year 105,000 miles in total in doing which depreciation method to use, Alee Rivers, the general manager, og depreciation schedule for each of the depreciation methods straight-ine, units of production, and double-declining balance). Read the requirements Prepare a depreciation schedule using the double declining balance (ODS) method. Round depreciation expense to the nearest while dolar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book on Depreciation Accumulated Book Date Cest Value Rate Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12.31.2020 12-31-2021 12-313092 Choose from any list or enter any number in the input felds and then continue to the next question O rion Help On January 2, 2018, Trusty Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Truly spent $2,200 painting, replacing tires, and $11,700 Overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The 's annu a ge is expected to be 23.000 miles in each of the first four years and 13,000 miles in the fifth year 105,000 misin i n deciding which decision method to Alee Rivers, the general manager depreciation schedule for each of the depreciation methods (traight line, unisof production and doubling boa Read the requirements Book DOB Depreciation Accumulated Book Dute Cou Expense Depreciation Value 1-2-2018 12-31 2018 12.31.2010 12-31 2000 12-31-2021 12-31 2032 Requirement 2. Truy e n the decation method that reports the highest not come in the years of Consider the first you the rules the truck drilly the The depreciation method that reports the highest et income in the first year is the method. It produces the depreciation expere and therefore the highest not income Choose from y or u mber in the routes and then continue to the next gestion rvice purchased a truck at a cost of $65,000. Before placing the truck in service, Trusty spent $2.200 painting, $800 replacing tires, and $11,700 bars 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 ation method to use, Alec Rivera, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-ne units Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Trusty prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use. Consider the first year that Trusty uses the truck. Identify the depreciation method that meets the company's objectives. Print Done Trustus mpathy the highest net income in the first year is the method. It produces the depreciation expense and therefore the hig umber in the input fields and then continue to the next