On January 2, 2024, Quick Delivery Service purchased a truck at a cost of $75,000. Before placing the truck in service, Quick spent $3,000 painting : 9600 replacing tires, and 59.400 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, Jacob Nealy, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance) Read the guitements Requirement. 1. Prepare a depreciation schedule for each depreciation method, showing asset cont, depreciation expense, accumulated depreciation and asset Dul book value Last Begin by preparing a depreciation schedule using the straight line method Cud Straight-Line Depreciation Schedule Ant Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Thu Date Cost Cost Life Expened Depreciation Value Lat 12-202A 12-31-2024 12-31-2025 12.31.2026 12-31 2927 12-21 2020 PA