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On January 3, 2018, Swifty Delivery Service purchased a truck at a cost of 567,000 . Elefore placing the truck in servico, 5 wifly spent

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On January 3, 2018, Swifty Delivery Service purchased a truck at a cost of 567,000 . Elefore placing the truck in servico, 5 wifly spent 52,200 painting it, $1,200 roplacing tres, and $4,300 overhauling the engine. The truck should remain in service for fro years and have a tesidual valve of 55,100 . The trucks annual mileage is expectnd to be 20,000m les in each of the firat four years and 12.800 miles in the fifth year-92,800 mies in total. In deciding which depreciation whethod to une, Alec fiven, the genenal manages, requests a depreciation schedule for each of the depreciston methods (stright-ine, units-of-production, and double-dedining-balunce) Read the reaviemens. Requirement 1. Prepare a depreciation schedule for each depreciation methad, showing asset cost, dopreciasion expense, accumulated depreciation, and asset book value. Begin by preparing a depreciation schedule using the straight-ine method. Before completing the units ol-production depreciation schedule, calculate the depreciation expense per unit. Select the formuls, then enter thelamounts and calculate the depreciat unit, (Round depreciation expense per unit to two deckinal places.) On denuary 3, 20tB, 5 wity Detiver Service pardased a thak at a cost of fer, 000 . Bedore plicing the trak in servioe, Bu fy noent 52,200 paint (eirightine, unter of prosucten, and douliededining belance) Reed Ee oodutmin: Unita-of Production Depreciation Srhedvhe Read the requiremonts. rrepere a depreciation schedule using the double-decining-balance (DDE) method. (Round deprediation expense to the nearest whole doller.) Double-Declining-Balance Depreciation Schedule tryck. Identify the depreciation method that meets the company's objectives The deprecisbon method that repers the tighast nat bicome in the frat year is the income. method E produces the depreciason evense and therefore the highed net

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