On January 3, 2016, Quick Delivery Service purchased a truck at a cost of $90,000.

Before placing the truck in service, Quick spent $2,500 painting it, $1,800 replacing tires, and

$4,700 overhauling the engine. The truck should remain in service for five years and have a

residual value of $9,000.

The truck's annual mileage is expected to be 2'1,000 miles in each of the first four years and

16,000 miles in the fifth year-

-100,000 miles in total.

Requirements

Prepare a depreciation schedule for units-of-production, and double-declining-balance

depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and

asset book value.