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methods (straght-line, unts-ol production, and douthe-declining-balanco) Read the resuiemeits Begin by prepanre a depreciation schedve using the staight line mothod: 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Speedy 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 Speedy uses the truck. Identify the depreciation method that meets the company's objectives