Question repo On January 3, 2010 On Time Delivery Service purchased a truck at a cost of 575.000. Before placing the truck in service On Time spent 2.200 painting I5800 replacing thes and 10:00 ving the engine. The cold remain in service for five years and have a residual value of $10.000 There's annual meage is pected to be 27.000 miles in each of the four years and 12.000 miles in the fine 120.000 miles in total looding which depreciation method to use, Jordan Link the general manager, requests a depreciation schedule for each of the depreciation methode signe un production and double declining balance Read the moments Depreciation for the Year Depreciation Number of Depreciation Accumulated Book Date Com Per Unit Units Expense Depreciation Val 1-1-2018 B0000 18000 12-31-2010 12-11-2015 1231-2020 12,31901 0651 12-31 2022 Tv Prepare a depreciation with the double cringte (Domod found der Double Declining balance Depreciation Schedule Depreciation for the Year CHOON Toms or enter inputs and not to the next 1. Prepare a depreciation schedule for each depreciation method, showing asset cost depreciation expense. accumulated depreciation, and asset book value 2. On Time 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 On Time uses the truck Identify the depreciation method that meets the company's objectives Print Done