On January 3, 2018, Reliable Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Reliable spent $4,000 painting it, $500 replacing tires, and $3,200 overhauling the engine, truck should remain in service for five years and have a residual value of $5,100. The truck's annual mileage is expected to be 20,000 miles in each of the first four years and 12,800 miles in the fifth year92,800 miles in total. In deciding which depreciation method to use, Mikail Johnson, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-ine, 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 Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-3-2018 12-31 2018 1 12-31-2019 12-31-2020 = 12-31-2021 12-31-2022 | 666 Choose from any list or enter any number in the input fields and then click Check Answer. ? 4 parts remaining Clear All Check