On January 3, 2018, Brisk Delivery Service purchased a truck at a cost of $ 90,000. Before placing the truck in service, Brisk spent $ 2500 painting it, $1200 replacing tires, and $ 5300 overhauling the engine. The truck should remain in service for five years and have a residual value of $ 9000. The truck's annual mileage is expected to be 21000 miles in each of the first four years and 16000 miles in the fifth yearlong dash 10000 miles in total. In deciding which depreciation method to use, Steven Kittridge, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance).

1.	Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value.
2.	Brisk 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 Brisk uses the truck. Identify the depreciation method that meets the company's objectives.