Saved Speed, Inc., is a shipping company. On 1/1/20, the company purchases a new commercial sleeper truck for $880,000 cash. The expected residual value of the truck is $40,000 and the expected useful life is 8 years. The company estimates that the truck will be used to drive 1,000,000 miles over its useful life (140,000 miles in 2020; 110,000 miles in 2021 & all subsquent years). For the units-of-activity method, round the depreciaiton-per-unit to two decimal places before using it. Format B I UA PART A STRAIGHT LINE DEPRECIATION +11 8 +v *** 30 Income Statement Depreciation Expense Year Ended 12/31/2020 Year Ended 12/31/2021 $[Answer] $[Answer] Balance Sheet As of 12/31/2020 As of 12/31/2021 Accumulated Depreciation $[Answer] $[Answer] PART B UNITS-OF-PRODUCTION DEPRECIATION