the ncarest dolar. P-37B Determin ing asset cost, preparing depreciation schedules (3 methods), Learning Objectives 1, 2 and identifying depreciation results that meet management objectives On January 3, 2018, Speedy Delivery Service purchased a truck at a cost of $67,000 Before placing the truck in service, Speedy spent $3,000 painting it, $1,200 replacing Dep. Exp. $15,000 tires, and $3,500 overhauling the engine. The truck should remain 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-92,800 miles in total. In deciding which depreciation method to use, Alec Rivera, the gen- eral manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance). 1. Units-of-production, 12/31