WOONBA) Question Help On January 3, 2018 Speedy every Service purchased a truck at a cost of 567.000 Before placing the truck in service Speedy spent 3.000 parting , 51200 replacing tres and 3.500 overhang engine the truck should remain Service for live years and have a residual value of $5 100 The fucks annual meage ispected to be 20.000 mesin each of the first four years and 12.000 in the year 2000 mes i deciding which con method to use. Acover the general manager requests a re on schedule for each of the depreciation methods tine, units of production, and double-decing balance Requiremeal 1. Prepare a depreciation schedule for each depreciation methodshowing Begin by Dre depreciation schedule using the line method cost depreciation expe c t ed depreciation and a book Straight Line Depreciation Schedule Depreciation 1-3-2013 12-31-2019 12-31-2021 Chomny Check Answer och depreciation method showing asset.cost depreciation expense accum anreciation and asselho Requirements 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. Speedy prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use. Consider the first year that Speedy uses the truck. Identify the depreciation method that meets the company's objectives Print Done Done