on january 3, 2012, trusty delivery service purchased a truck at a cost of $90000. before placing the truck in service, trusty spent $3000 painting it, &1500 replacing tires, and $4500 overhauling the engine. the truck should remain in service for five years and have a residual value of $9000. the truck’s annual mileage is expected to be $22500 miles in each of the first four years and $10000 milesin t he fifth year 100000 miles in total. in deciding which depreciation method to use mikail johnson, the general manager requests a depreciation schedule for each of the depreciation methods ( straight line, units of production, and double decling method)
Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation and asset book value
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