On

JanuaryJanuary

33,

20182018,

ReliableReliable

Delivery Service purchased a truck at a cost of

$ 65 comma 000$65,000.

Before placing the truck in service,

ReliableReliable

spent

$ 2 comma 200$2,200

painting it,

$ 1 comma 200$1,200

replacing tires, and

$ 11 comma 100$11,100

overhauling the engine. The truck should remain in service for five years and have a residual value of

$ 6 comma 000$6,000.

The truck's annual mileage is expected to be

23 comma 00023,000

miles in each of the first four years and

13 comma 00013,000

miles in the fifth

yearlong dash105 comma 000105,000

miles in total. In deciding which depreciation method to use,

Harold ParkerHarold Parker,

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.	ReliableReliable 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 ReliableReliable uses the truck. Identify the depreciation method that meets the company's objectives.

Os 3. 2011. Reliable Delivery Service purchased a truck at a cost of $65.000 Before placing the truck in service, Reliable spent 2.200 painting it 51200 replacing tres and 511.00 overing the engine. The truck should remain in service for five years and have a residual value of $6.000. The truck's magis expected to be 23.000 m inesth of the years and 13.000 in 10.000 me n deciding which precision method to Harold Parke the gre a gere a depreciation schedule for each of the depreciation methods of production and double-dening balance) pense cumulated depreciation and asset book valve Forenents Requirement 1. Prepare a depredation schedule for each depreciation methodshowing a cost depreciation Begin by preparing a depreciation schedule using the stra n e method Straight Line Dres s chedule Depreciation for the Year AssetDepreca t e preciation Accumulated Book Coucou Life Expert 2018 12.1.2018 12.31.2019 13:313020 1. Prepare a depreciation whe ther things do ne per o d precision and book value 2. Reliable prepares financial susing the direction method t o the ligh t come in the early years of Cereri Relate d the degree me the companys Pore Done 12.31.2022 Before completing the units of production depreciation schedule the decisiones se the form then the mounts and the direction Round precio es part e decimal places) Prepare a deprecation schedule using the unit of duction tha t the depreciation per t e decimal places SXC) Choose from any for enter any number in the routes and then continue to the next question Prepare a depreciation schedule using the units-of-production method (Enter the depreciation per unit to two decimal places, SX XX.) Units-of-Production Depreciation Schedule Asset Cost Depreciation for the Year Depreciation Number of Depreciation Per Unit Units Expense Accumulated Depreciation Book Value Date 1-3-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Prepare a depreciation schedule using the double decking balance DC methodRound deren expense to the whole dolor Book Val Double Declining Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Cost Value Rath Expense Depreciatio - 2001 12.3130 12-31-2014 1313030 12313023 Requirement 2. Reliable prepare and soments using the pr o moted that reports the s t one in the years of we consider the first year that Rollable uses the truck till the depreciation method that meets the company's The depreciation method that reports the highest net income in the first year is the method. It produces the depreciation expense and therefore the highest encome Choose from any listremer any number in the input fields and then continue to the next Question Uights