Speed, Inc., is a shipping company. On 1/1/20, the company purchases a new commercial sleeper truck for $860,000 cash. The expected residual value of the truck is $40,000 and the expected useful life is 10 years. The company estimates that the truck will be used to drive 1,000,000 miles over its useful life (110,000 miles in 2020, 90,000 miles in 2021 & all subsquent years). For the units-of-activity method, round the depreciaton-per-unit to two decimal places before using it. You PART A - STRAIGHT LINE DEPRECIATION Income Statement Year Ended 12/31/2020 Year Ended 12/31/2021 Depreciation Expense As of 12/31/2020 As of 12/31/2021 Accumulated Depreciation Balance Sheet