2012 (complete)
hw score: 33.33%, 10 of 30 pts
p9-37b (book/static)
question
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 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 general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and
double-declining-balance).