Speed, Inc., is a shipping company. On 1/1/20, the company purchases a new commercial sleeper truck for $760,000 cash. The expected residual value of the truck is $50,000 and the expected useful life is 8 years. The company estimates that the truck will be used to drive 1,000,000miles over its useful life (150,000 miles in 2020; 120,000 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 Year Ended 12/31/2020 Year Ended 12/31/2021 Income Statement Depreciation Expense As of 12/31/2020 As of 12/31/2021 Balance Sheet Accumulated Depreciation PART B - UNITS-OF-ACTIVITY DEPRECIATION Year Ended 12/31/2020 Income Statement Depreciation Expense Year Ended 12/31/2021 As of 12/31/2020 As of 12/31/2021 Balance Sheet Accumulated Depreciation PART C - DOUBLE-DECLINING BALANCE DEPRECIATION Year Ended 12/31/2020 Year Ended 12/31/2021 Income Statement Depreciation Expense As of 12/31/2020 As of 12/31/2021 Balance Sheet Accumulated Depreciation