Speed, Inc., is a shipping company. On 1/1/20, the company purchases a new commercial sleeper truck for $770,000 cash. The expected residual value of the truck is $20,000 and the expected useful life is 5 years. The company estimates that the truck will be used to drive 1,000,000 miles over its useful life (210,000 miles in 2020; 190,000 miles in 2021 & all subsquent years).

For the units-of-activity method, round the depreciaiton-per-unit to two decimal places before using it.

PART A - STRAIGHT LINE DEPRECIATION

Income Statement Depreciation Expense	Year Ended 12/31/2020	Year Ended 12/31/2021
Balance Sheet Accumulated Depreciation	As of 12/31/2020	As of 12/31/2021

PART B - UNITS-OF-ACTIVITY DEPRECIATION

Income Statement Depreciation Expense	Year Ended 12/31/2020	Year Ended 12/31/2021
Balance Sheet Accumulated Depreciation	As of 12/31/2020	As of 12/31/2021

PART C - DOUBLE-DECLINING BALANCE DEPRECIATION

Income Statement Depreciation Expense	Year Ended 12/31/2020	Year Ended 12/31/2021
Balance Sheet Accumulated Depreciation	As of 12/31/2020	As of 12/31/2021