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SUS300 VA Fall 2019 Homework: Chapter 10 Homework HW Score .co core: 0 of 43 pts 10-37B (similar to) way.2011 Dec e m pendence Ret 1. Pech o had come to 12- 4 at a cost of $75.000 Before placing the truck in service. Trusty spent 54,000 painting is expected to be 27 000 miles in each of the first four years and 12.000 miles in the reciation methods (straight line units-of-production, and double declining balance) S1200 replacing tires and 57 800 over the 120.000 miles in tot in deciding which preciation method showing asset cost depreciation expense, accumulated depreciation and asset book value Requirements 1. Prepare a depreciation schedule for each depreciation method showing asset cost depreciation expense accumulated depreciation, and asset book value 2. Trusly 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 Trusty uses the truck Identify the depreciation method that meets the company's objectives Print Done ds and then click Check Answer. Clear All mathx.com/Student amework Halsed center GBUS 803 VA Fall 2019 Homework: Chapter 10 Homework Score: 0 of 43 pts P10-37B (similar to) 1 of 1 (0 comple On January 2, 2018. Trusty Delivery Service purchased a truck at a cost of $75,000 Before placing the truck in service, Trusty spent $4 and have a residual value of $10.000. The truck's annual mileage is expected to be 27.000 miles in each of the first four years and 12,00 manager requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining Read the requirements Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost depreciation expense accumulator Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Depreciation for the Year Depreciable Depreciation Accumulated Book Asset Cost Date Cost Depreciation 1-2-2018 12-31-2018 12-31-2019 12.31-2020 Kyle Murphy & 9/2/19 12:16 PM + 1 of 1 (0 complete) HW Score: 0% 0 of 43 pts Question Help the truck in service, Trusty spent $4000 painting it, $1,200 replacing tires, and $7,800 overhauling the engine The truck should remain in service for the years each of the first four years and 12,000 miles in the fifth year-120,000 miles in total. In deciding which depreciation method to use, Jacob Nealy the general -ot-production, and double-declining balance) depreciation expense accumulated depreciation, and asset book value Book Value