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Dn January 1, Siky Trucking purchased a used Kecworth truck at a cost of $49,000. Sky Trucking expects the truck fo remain usefbl for tan years (462,500 miles) and to have a residual value of $12,000. Sly Trucking expects the truck to be driven 92,500 miles the first year and 161,875 miles the rocond year. Read the teovirements Requirement 1. Compute Sky Trucking's first-year deprecation expense ce the truck using (a) Straight-line, (b) Unis of peoduction, and (c) Double-decining balance. Start by selecting the formulas needed to compule annual depreciation under each of the three methods. a. Compule Siky Trucking's firstyeat depreciaficn expense on the truck using the stright-line method. Fint-year degreciatco on the truck using the straightine method is $ neared wholis dolaci) Fret-year deprociason on the thek using the units of production method is 3 Firat-year decreciation on the unck uning the double decining balance method in 1 Requirement 2 . Show the haiks tiook value at the end d the fust year under the straightine muchos