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*Exercise 9-7 (Part Level Submission) o9 years. Actual miles Sheridan Company purchased a delivery truck for R$29,500 on January 1, 2017. The truck has an expected residual value of R$6,100, and is expected to be driven 106,900 miles over its estimated useful life driven were 15,300 in 2017 and 15,000 in 2018 (a) Your answer is correct. 2 decimal places, e.g. 0.50.) Calculate depreciable cost per unit. (Round answers Depreciable cost per unit RS.21 Per mile Attempts: 1 of 2 used *(b) Your answer is correct. decimal places, Campute depreciation expense for 2017 and 2018 using the straight-line method, the units- e.g. 22.22%. Round answers -activity method, and the double-declining-balance method. (For double-declining-balance round the rate to p0 decimal places, e.q. 2.125.) 2017 2018 Rs2600 R42600 Straight-line method Units-of-activity method R53213 R3150 Declining-balance method p6555 B5098 Attempts: 2 of 2 used *(c) Assume that Sheridan uses the straight-line method. (1) Prepare the journal entry to record 2017 depreciation. (2) Show how the truck would be reported in the December 31, 2017, statement of financial position. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHERIDAN COMPANY Statement of Financial Position R$ R$