16 of 18 < > (b1) 2.5/5 Your answer is partially correct. Assume that Monty uses the straight-line method. Prepare the journal entry to record 2022 depreciation expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit 7500 Credit 5625 Attempts: 1 of 5 used Submit Answer (a2) Your Answer Correct Answer (Used) Your answer is partially correct. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. Depreciation Expense 2022 2023 3750 $ 3750 (1) Straight-line method (2) Units-of-activity method 4230 "A 4200 (3) Double-declining-balance method $ 7500 $ 5625 eTextbook and Media Solution Question 16 of 18 < > Show Attempt History 2.5/5 Current Attempt in Progress Monty Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $4,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,100 in 2022 and 14,000 in 2023. (a1) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ per mile eTextbook and Media List of Accounts Attempts: 1 of 5 used (b2) Assume that Monty uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet. eTextbook and Media List of Accounts Save for Later Monty Corp. Partial Balance Sheet $ Attempts: 0 of 5 used Submit