overtaviling the engine. The trok should reman in service for flue years and have a residuat value of 510,000 . The bivcks annuat mileage is oupected to be 27,000 miles in each of the fint fout depreciation methods (straight-line, units-ol.producton, and doutle dedining-batance) Read the tegurements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, acoumulated deprociation, and abset book valun. Bepin by preparing a depreciation schedule using the straight-ine method 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Speedway 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 Speedway uses the truck. Identify the depreciation method that meets the company's objectives