On January $3,2024,$ Nimble Delivery Service purchased a truck at a cost of $$65,000.$ Before placing the truck in service, Nimble spent $$4,000$ painting it$,$ $$1,200$ replacing tires, and $$9,300$ overhauling the engine. The truck should remain in service for five years and have a residual value of $$6,000.$ The truck's annual mileage is expected to be $23,000$ miles in each of the first four years and $13,000$ miles in the fifth year$-105,000$ 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 requirements.

Requirement $1.$ Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value.

Begin by preparing a depreciation schedule using the straight$-$line method.

Straight$-$Line Depreciation Schedule

$\backslash$table$[[$Date$,\backslash$table$[[$Asset$],[$Cost$]],$Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[\backslash$table$[[$Depreciable$],[$Cost$]],,\backslash$table$[[$Useful$],[$Life$]],,\backslash$table$[[$Depreciation$],[$Expense$]]],[1-3-2024$