On january 2, 2018, nimble delivery service purchased a truck at a cost of $ 95 comma 000. before placing the truck in service, nimble spent $ 4 comma 000 painting it, $ 2 comma 500 replacing tires, and $ 7 comma 500 overhauling the engine. the truck should remain in service for five years and have a residual value of $ 10 comma 000. the truck's annual mileage is expected to be 26 comma 000 miles in each of the first four years and 19 comma 750 miles in the fifth yearlong dash123 comma 750 miles in total. in deciding which depreciation method to use, steven kittridge, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance).requireme nts 1. prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. 2. rapid 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 rapid uses the truck. identify the depreciation method that meets the company's objectives.