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On January 2, 2024, Swity Delivery Service purchased a truck at a cost of $30,000. Before placing the truck in service, Swifty spent $4,000 painting

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On January 2, 2024, Swity Delivery Service purchased a truck at a cost of $30,000. Before placing the truck in service, Swifty spent $4,000 painting it, $2,500 replacing tires, and $5,500 overhauling the engine. The truck should remain in servioe for five years and turve a resickal value of $8,000. The truck's annual mileage is expected to be 30,000 meses in each of the first four years and 20,000 miles in the fifth year-140,000 miles in totad. In deciding which depreciation method to use, Mach Halstrom, the general manager, requests a depreciation schedule for each of the dopreciation methods (straight-line, units-of-production, and double-declining-balance) Read the tequirements. Begin by preparing a depreciation schedule using the straight-line method

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