On January $2,2025,$ Nimble Delivery Service purchased a truck at a cost of $$80,000.$ Before placing the truck in service, Nimble Delivery Service spent $$4,000$ painting it$,$ $$1,200$ replacing tires, and $$6,800$ overhauling the engine. The truck should remain in service for five years and have a residual value of $$8,000.$ The truck's annual mileage 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.

Straight$-$Line Depreciation Schedule

$\backslash$table$[[$Date$,$Asset Cost,Depreciable Cost,,Useful Life,,$\backslash$table$[[$Depreciation$],[$Expense for the Year$]],$Accumulated Depreciation,Book Value$],[$January $2,2025,,,,,,,,],[$December $31,2025,,,,,=,,,],[$December $31,2026,,,,,=,,,],[$December $31,2027,,,,,=,,,],[$December $31,2028,,,,,=,,,],[$December $31,2029,,,,,=,,,]]$