P9-31A (similar to Assigned Media Question Help On January 3, 2018. Nimble Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Nimble spent $2.200 painting it 5800 replacing fres, and $11,500 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the year-105.000 miles in total. In deciding which depreciation method to use, Jordan Lipnik, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-ine, units of production, and double-decining balance) Read the mucements Book Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asseto, depreciation expense accumulated depreciation and asset book valve Begin by preparing a depreciation schedule using the straight-line method Straight Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expanse Depreciation Value 1-3-2018 79.500 $ 79,500 12-31-2018 5 73.500 5 years $ 14.700 14,700 54,010 12-31-2019 73.500 5 years 14,700 20.400 50.100 12-31-2020 73.500 14,700 46,100 35.400 12-31-2021 73.500 14,700 50100 20.700 12:31-1022 73.900 14.700 73.500 0.000 Before completing the production to schedulate the depreciation expert Select the form there anons and calculator predatione et Hound capreciation expense per un to two decimal place) Cool Residual value Deprecate port Choose from any store any number in the input tods and then click Check Answer 1 romano Cear All Check Answer e P9-31A (similar to) Assigned Media Question Help On January 3, 2018, Nimble Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service. Nimble spent $2,200 painting it $800 replacing tires, and $11.500 overhauling the engine. T truck should remain in service for five years and have a residual value of $8.000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 mies in the fifth year-105,000 miles in total. In deciding which depreciation method to use, Jordan Lipnic 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 Before completing the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then anter the amounts and calculate the depreciation openso per unit (Round depreciation expense per unit to two decimal places) Cost Residual value ) Useful life in units Depreciation per un 79.500 6.000 105,000 0.70 Prepare a depreciation schedule using the units of production method. (Enter the depreciation per unit to wo decimal places. $X.XX.) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation Value 1-3-2018 5 73,500 5 79.500 12-31-2013 0.70 23,000 16.100 63.400 12-31 2010 0.70 23,000 - 16.100 32.200 47300 0.70 23.000 16,100 48,300 31200 12-31-2021 23.000- 15.100 54,600 15.00 12-31-2022 0.70 13,000 9,100 73,500 6.000 book 16.100 OTO Choose from any list oronto any number in the routes and then click Check Answer pa Check Ar 1 reruining P9-31A (similar to) Assigned Media Question He On January 3, 2018, Nimble Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Nimble spent $2.200 painting it $800 replacing tires, and $11,500 overhauling the engine truck should remain in service for fve years and have a residual value of $6,000. The truck's annual mileage is expected to be 23,000 miles in each of the first four years and 13,000 miles in the fifth year--105 miles in total. In deciding which depreciation method to use, Jordan Lipnik, 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 12-31-2019 23,000 16.100 32 200 47300 12-31-2020 0.70 23.000 16,100 48.300 31,200 12-31-2021 0.70 x 23.000- 16.100 64400 15,100 12-31-2022 13.000 9,100 73500 6.000 0.70 0.10 Prepare a depreciation schedule using the double-decining balance (DOB) method. (Round depreciation expense to the nearest whole dolar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Depreciation Valve 1-3 2018 12-01-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022 Choose from wys or enterary number in the input fields and then click Check Answer 1 Clear All Check Answer remaining