Homework: Week 6- Chapter 09 problems Save Score: 0 of 1 pt 4 of 6 (1 complete)V HW Score: 429%, 0.26 of 6 pts P10-37B (similar to) Question Help On January 2,2016, Quick Delivery Service purchased a truck at a cost of $95,000. Before placing the truck in senvice, Quick spent $2,500 painting it, $800 replacing tires, and $10,700 overhauling the engine. The truck should is expected to be 26,000 miles in each of the first tour years and 19,750 miles in the fifth year-123,750 miles in total In deciding which depreciation method to use Mitch Haistrom, the general manager, requests a depreciation remain in service for Sve years and have a residual value of $10,000. The truck's annual mileage 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 Cost Expense Depreciation Value Date Cost Rate 12-2016L 12-31-2016 12-31-2017 12-31-2018 12-31-2019 12-31-2020 - Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All