Homework: ACC250 Topic 6 Assignment - OL/TO Question 3, P10-31A (similar to) HW Score: 0%, 0 of 40 points O Points: 0 of 8 Save On January 2, 2018, Fast Delivery Service purchased a truck at a cost of $67,000. Before placing the truck in service, Fast spent $2,500 painting it, $1,200 replacing tres, and $4,000 hauling the engine. The truck should man in service for five years and have a residual value of $5,100. The truck's annual mileage is expected to be 20,000 miles in each of the first four years and 12.800 miles in the fifth year-92.000 miles in total in deciding which depreciation method to use, Steven Kitridge, 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 Straight-Line Depreciation Schedule Depreciation for the Year Asset Date Cost Depreciable Cost Useful Life Depreciation Accumulated Depreciation Expense Book Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 12-31-2022