On January 2 2024 Quick Delivery Service purchased a truck at a cost of $99.000 Before placing the rock in service Quick spent $1.000 painting $1.500 roplating tires, and $350 overhauling the engine. The track houd remain in service for five years and have a residual value of $9.000 The truck's annual image is expected to be 21000 miles in each of the first four years and 16.000 miles in the thyr 100 000 let in totalIn deciding which depreciation mothod to use, Alec Rivera, the general manager request a depreciation schedule for each of the deprecarice methods (traight linents of prodection and double dedining balance Read the requirements Requiremont 1. Prepare a depreciation schedule for each depreciation method showing asset cost depreciation expense accumulated depreciation and a book was. Begin by reparing a deprecation schedule using the straight line method Straight Line Depreciation Schedule Depreciation for the Year Asset Depreciate Useful Depreciation Accumulated Book Date Cost Com Lite Epe Depreciation Value 1-2-2024 12.31.2024 12.31 2025 12-31 2026 12.31-2027 12:31 2020 1 X Requirements sche ule 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value 2. Quick prepares financial statements using the depreciation method that reports the highest not income in the early years of asset use. Consider the first year that Quick uses the truck. Identify the depreciation method that meets the company's objectives ble