U-Store acquired new trucks for $1.6 milion. Their estimated usel ife is 4 years, and estimated residual value is $230.000. Requirement 1. Prepare a depreciation schedule comparing straight-ane and DDD deprecation Select the formula you will need to compute annual depreciation under each of the methods (Cost Residual value)/Eatmated Ife in years Cost Accumulated Depreciation Estimated in year 2 "Unit the DDB depreciation will result in the asset being dipreciated below Annual straight-te depreciation Annual DOB depreciation" the trucks for each year under the straight-ine method, and then the DOB method. When DOB depreciation wil result in depreciating an aseet below its resdaal value divide the remaining Now, compute depreciation and the net book value of undapreciated cost evenly over the remaining years in t Acqui Year 1 Year 2 Year 3 Year Total Straight-Line Annual Depreciation Book Value