on method, showing asset cost depreciation expense accumulated depreciation, and asset book value thad i Requirements ear 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value 2. Brisk 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 Brisk uses the truck. Identify the depreciation method that meets the company's objectives Print Done elds and then click Check Answer. Clear All Save Homework. Chapter 9 homework Score: 0 of pt HW Score: 0%, 0 of 1 pt of 1 (complete) Question Help P9-31A (similar to) on January 2018. Brisk Delivery Service purchased a truck at a cost of $67 000. Before placing the truck in service, Brisk spent $4000 painting, $2.500 replacing tires and 51/200 overhauling the engine. The 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 year-92,800 miles in total/In deciding which depreciation method to use. Can Thomas, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, 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 Depreciable Depreciation Useful Asset Book Accumulated Cost Cost Expense Date Life Depreciation Value 1-1-2018 12-31-2018 12-31-2019 12-31-2020 12.31-2021 12.31-2022 111111 Choose from any list or enter any number in the input fields and then click Check Answer digure method Value Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation 1-1-2018 12-31-2018 12-31-2019 12-31-2020 2 x (1/5) 12-31-2021 5 years 12-31-2022 5 years x2 92 800 miles Choose from any list or enter any number in the input fields and then click Check Answer 4 parts Clear All Check Answer remaining 1 OR 2 e 9 P9-31 A (similar to) Question Help On January 1, 2018. Ensk Devery Service purchased a truck at a cost of $7.000. Before placing the truck in service Desk sport 14.000 paintingit 12500 replacing trend o v i ng the engine. The truck should remain in service for five years and have a residuale of 15.100 The truck's m age is expected to be 20.000 miles in each of the first four years and 127000 mesin e thy- 2.800 miles in total in deciding which depreciation method to use. Co Thomas the general manager request a depreciation schedule for each of the deprec h od production, and doute ng borance) Road to eat on and asset book Requirement 1. Prepare a depreciation schedule for each depreciation method, showing cost depreciation expense accused Begin by preparing a deprecation Sched using the o ne metod Straight Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Life Expense Depreciation 1.1.2018 12.31.2018 12-31-2019 Book Cost Choose from any list or enter any number in the input fields and then click Check Answer Clear All 4 parts Check Answer 4 remaining JOVICE I live 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 000. Dere placing the truck in service, Brisk spent $4,000 pa which depreciation method to use, Carl Thomas, the general manager requests a depreciation schedule for each of the depreciation methods Read the requirements Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation 1-1-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts + remaining Clear All DELL