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On January 2, 2024, Quick Delivery Service purchased a truck at a cost of $75,000. Before placing the truck in service, Quick spent $4,000

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On January 2, 2024, Quick Delivery Service purchased a truck at a cost of $75,000. Before placing the truck in service, Quick spent $4,000 painting it, $800 replacing tires, and $8,200 overhauling the engine. The truck should remain in service for five years and have a residual value of $10,000. The truck's annual mileage is expected to be 27,000 miles in each of the first four years and 12,000 miles in the fifth year-120,000 miles in total. In deciding which depreciation method to use, Harold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance).

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