B15 A B D E10.7 Linton Company purchased a delivery truck for $34,000 on January 1, 2017. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2017 and 12,000 in 1 2018 2 Instructions (a) Compute the depreciation expense for 2017 and 2018 using (show your computations below; insert lines as necessary): 3 4 (1) the straight line method (hint: look up class exercise): 5 6 7 8 9 (2) the units-of-activity method (hint: look up class exercise): 10 11 12 13 (3) the double-declining balance method (hint: look up class exercise). 14 15 16 17 (b) Assume that Linton uses the straight-line method. 18 (1) Prepare the journal entry to record 2017 depreciation. 19 20 Account (cuenta) Debit Credit 21 22 22 24 19 20 Debit Credit Account (cuenta) 21 (2) Show how the truck would be reported in the December 31, 2017, balance sheet. 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39