Question Help On January 3, 2018, Fast Delivery Service purchased a truck a cost of 346,000. Before placing the truck in service, Fast spent $4.000 painting. 3.700 replacing tires, and 30.000 voting the engine. The truck should remain in service for five years and have a residual value of 0.000. The truck's annual mileage is expected to be 25,000 miles in each of the first four years and 13,000 miles in the frye-106.000 mes in total in deciding which depreciation method to me Mach Halstrom, the general manager, rests a depreciation schedule for each of the depreciation methods (straighine, units of production, and double declining) Read the events Requirement 1. Prepare a depreciation schedule for each depreciation method, showing use cost, depreciation expense accumulated depreciation, and book value Begin by preparing a depreciation schedule using the straight-ine method Straight-Line Depreciation Schedule Depreciation for the Year Requirements Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Uite Expense Depreciation Value 1-3-2018 1. Prepare a depreciation schedule for each depreciation method, showing on, depreciation expense, accumulated depreciation, and is book value 12-31-2018 2. Fast prepares francial statements using the depreciation method that reports the highest income in the 12-31-2019 years of use. Consider the first you that Fast uses the truck. In the depreciation method that meets te company's objectives 12-31-2020 12-31-2021 12-31-2022 Print Done P9-31A (similar to) Question Hello On January 3, 2016. Fast Delivery Service purchased a truck at a cost of $45.000 Before placing the truck in service, Fast spent 54,000 painting it, 51,700 replacing tres, and 8.000 overhading the engine. The truck should remain in sicer the years and have a reskual value of $5,000. The truck's arvulmeage is expected to be 23.000 miles in each of the first four years and 13,000 in the fith your 105.000 miles in total in deciding which depreciation method to use Mich Histom, the general manager, requests a depreciation schedule for each of the depreciation methods right in units of production, and double-deciring barn Read the tourments Requirement. Prepare a depreciation schedule for each depreciation method, thowing scos direction, comated depreciation, and asset book value Begin by preparing a depreciation schedule using the straightine metod Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-3-2018 1. Prepare a depreciation schedule for each depreciation method, showing , depreciation 12-31-2018 accumulated depreciation and book al 2. Fast prepares financial statements using the depreciation method that reports the highest income in the early 12-31-2019 years of use. Consider the first year that Fast uses the luck. Idently the depreciation method that most 12-31-2000 company's objectives 12-31-2021 12-31-2002 Print Done
