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On January 1, 2024, Quick Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Quick spent $3,000 painting it, 52,500 replacing tres and $9,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck's annual mileape is expected to be 23,000 miles in each of the first four years and 13,000 miles in the filth year- 105,000 miles in total. In deciding which depreciation method to use, Jacob Nealy, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance). Read the requitement 12312028 Before comploting the units-of-production difpreciation schedule, calculate the depreclation expense per unit Select the fermula, then entar the amounts and calculare the depreciation expense per unit. (Round depreciation expense per unit to fwo decimal places) Units-of-Production Depreciation Schedule Rnahho Thalinina Ralanna Rannaniation Cohndula Requirement 2. Quick prepares financial statements using the depreclation method that reports the highest net income in the early years of assef use. Carsifer the fint year that Quick uses the truck. Identify the depreciation method that meets the company's objectivos The depreciation mathod that reports the highest net income in the first year is the and therefore the highest net income

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