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On January 2016 Delvery Service purchased a truck at a cost of $10.000. Before placing the truck in service, Quick spent $2.500 a $1,000 replacing

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On January 2016 Delvery Service purchased a truck at a cost of $10.000. Before placing the truck in service, Quick spent $2.500 a $1,000 replacing dres and 54,700 vahing the ange. The nick houd roman olve years and in value of 58.000 The magets expected to be 21.000 mies in each of the four years and 50.000 miles in the year 100.000 indesinin deciding which depreciation melodtoHarvey Wamer, manager de schedule for each of the deatones hits of production, and double-decinin tance Requirement 1. Preparation schedule for each section method, showing the cost, depression expense, comte depreciation de lock value Biony orcionades the wine method Sightlinereciation Schedule Depreciation for the Year Aiset Depreciate Us Depreciation Accumulated Book Cost Cest Expense Depreciation Value 13010 12013012 12.01.2018 2018 Choose from a stof enter yumber in the noted and then click Check Answer 4 Ci Requirements ok Hue 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 net 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

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