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On January 2, 2018, Reliable Delivery Service purchased a truck at a cost of $80,000. Before placing the truck in service, Reliable spent $2,200 painting it, $1,500 replacing tires, and $8,300 overhauling the engine. The truck should remain in service for five years and have a residual value of $8,000. The truck's annual mileag is expected to be 30,000 miles in each of the first four years and 20,000 miles in the fifth year-140,000 miles in total. In deciding which depreciation method to use, Harold Parker, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance). Read the requirements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. Begin by preparing a depreciation schedule using the straight-line method. Accumulated Depreciation Book Value Cost Cost Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Date Life Expense 1-2-2018 12-31-2018 12-31-2019 12-31-2020 111111 12-31-2021 12-31-2022 Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. (Round depreciation expense per unit to two decimal places.) ( - ) = Depreciation per unit Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation per unit to two decimal places, $X.XX.) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date | Per Unit Units Expense 1-2-2018 12-31-2018 12-31-2019 Accumulated Depreciation Book Value Cost Choose from any list or enter any number in the input fields and then continue to the next

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