P9-31A (similar to) Question Help expected to be 23 000 miles in each of the On January 3 2018 Fast Delivery Service purchased a truck at a cost of $65 000. Before placing the truck in service Fast spent 53 000 painting it 5500 replacing tires and $11,000 overhauling the engine. The truck should remain in service for five years and as a residual value of 85 000. The trucks annual lage tlour yes 13.000 miles In hyeo-05.000 miles in elinden gerich derecono lo Carl Thom, the greater regula precision schedule for each clue here melod i es-of-ordusunand co-eng el Requirement 1. Prepare a depreciation schedule for each depreciation method, showing a cost depreciation expense, acumulared depreciation, and asset book value. Begin by preparing a decision schedule using the straightine method Straight-Line Depreciation Schedule Depreciation for the Year Assel Depreciable Uslu Depreciation Accumulated Book Expense Depreciation 1.3.2018 12-31-2018 12-11-2019 12-31-2020 12 312021 12-31-2022 A Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Fast 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 Fast uses the truck. Identify the depreciation method that meets the company's objectives. Print Done P9-31A (similar to) Question Help expected to be 23 000 miles in each of the On January 3 2018 Fast Delivery Service purchased a truck at a cost of $65 000. Before placing the truck in service Fast spent 53 000 painting it 5500 replacing tires and $11,000 overhauling the engine. The truck should remain in service for five years and as a residual value of 85 000. The trucks annual lage tlour yes 13.000 miles In hyeo-05.000 miles in elinden gerich derecono lo Carl Thom, the greater regula precision schedule for each clue here melod i es-of-ordusunand co-eng el Requirement 1. Prepare a depreciation schedule for each depreciation method, showing a cost depreciation expense, acumulared depreciation, and asset book value. Begin by preparing a decision schedule using the straightine method Straight-Line Depreciation Schedule Depreciation for the Year Assel Depreciable Uslu Depreciation Accumulated Book Expense Depreciation 1.3.2018 12-31-2018 12-11-2019 12-31-2020 12 312021 12-31-2022 A Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Fast 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 Fast uses the truck. Identify the depreciation method that meets the company's objectives. Print Done