On January 3, 2018 Rapid Delivery Service purchased a truck at a cost of $100,000. Before placing the truck in service, Rapid spent $3,000 painting it, 5600 replacing tires, and $10,400 overtaling the engine. The truck should remain in service for five years and have a residual value of $12.000. The truck's annual meage is expected to be 32.000 min neach of the first four years and 8.000 miles in the filthy-136.000 miles in total. In deciding which depreciation method to use, Andy Sargeant, the general manager, requests a depreciation schedule for each of the depreciation methods (straight line units of production and double declining balance Read the require Requirement 1. Prepare a depreciation schedule for each depreciation method wir annet con. depreciation experto, accumulated depreciation, and asset book ol, Begin by preparing a depreciation schedule using the straight-in mod Straight-Line Depreciation Schedule Depreciation for the Year Depreciate Useful Depreciation Accumulated Book Date Cost Cost Life pente Depreciation Value 1-3-2018 12-31-2018 + 12-31-2010 12-31-2020 12.-31-2021 12-31-2002 Before completing the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unat (Round depreciation expense per unit to two decimal places) > Depreciation per unit Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, sxxx) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-3-2018 12-31-2018 12-31-2019 12-31-2020 Book Prepare a depreciation schedule using the double-dedining balance (06) method (Round depreciation expense to the nearest whole dolar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset DDB Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 13.2010 12-31-2018 12-31-2019 1231-2020 12 313021 1231-2022 Requirement 2. Rapid prepares financial statements using the depreciation method that reports the highest net income in the early years of assets. Consider the year that Rapid use the mud Identity the depreciation method that meets the company's objectives Requirement 2. Rapid prepares financial statements using the depreciation method that reports the highest rat room in the cany years of assets. Consider the first year at Rapid om the truck. Identify the depreciation method that meets the company's objectives The depreciation method that report the highest net income in the fast year is the hodit produce the dupreciation expense and therefore the highest ret income Choose from any list or enter any number in the input fields and then continue to the next