Review Homework: HMW3 Question 5, P10-31A (similar to) HW Score: 7.33%, 1.32 of 18 points O Points: 0 of 4 Close On January 1, 2016, Reliable Delivery Service purchased a truck at a cost of $100,000. Before placing the truck in service, Reliable spent $2,200 painting it, $2,500 replacing tires, and $9,300 overhauling the engine. The truck should remain in service for five years and have a residual value of $12,000. The truck's annual mileage is expected to be 32,000 miles in each of the first four years and 8,000 miles in the fifth year-136,000 miles in total. In deciding which depreciation method to use, Jordan Lipnik, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance). Read the requirements. Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Date Cost Depreciable Cost Useful Depreciation Accumulated Book Life Expense Depreciation Value 1-1-2016 12-31-2016 12-31-2017 = 12-31-2018 12-31-2019 12-31-2020