On January 3, 2018, On Time Delivery Service purchased a truck a cost of $75,000. Before placing the truck in service, On Time spent $2,200 $1,200 replacing , and $9,600 overhauling the engine . The truck should remain in service for five years and have a residual value of $10,000The truck's mileage is expected to be 27,000 miles in each of the four years and 12.000 miles in the year 120,000 miles in in deciding which depreciation use, Mikail Johnson, the general manager, requests depreciation schedule for each of the depreciation methods (straight-line, units-of- production, and double-declining-balance).

Requirment 1. Prepare a depreciation schedule for each depreciation method, showing asset costdepreciation expense, accumulated depreciation, and asset book value Begin by preparing a depreciation schedule using the straight-line method

Requirement 2. On Time prepares financial statements using depreciation method that reports the highest net income in the early years of asset use. consider the first year that on time uses the truck. Identify the depreciation method that meets the company's objectives.

all of this is one question! Thank you advance!

Resd the murenecis. Brgin ty treparng a deoreciation schedule wing the atravit ine metwol. Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, $XX.) Unitseof-Produntion Nanramiatinn Cakadula Deuble-Declinifghatante Deprociation Schedule