CALCULATOR PRINTER VERSION BACK Exercise 10-07 51-b2 Concord Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,160, and is expected to be driven 108,000 miles over its estimated useful to 8 years. Actual miles driven were 14,800 in 2020 and 15,000 in 2021 Calculate depreciation expense permite under units-of-activity method. (Round answer to 2 decimal places, ... 0.50.) Depreciation expense per mile Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units of activity method, and (3) the double-declining balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to decimal places, eg. 159. Round final answers to decimal places, e.. 2,125.) Depreciation Expense 2020 (1) Straight-line method (2) Units-of-activity method (3) Dedining-balance method Assume that Concord uses the stre e thod. Prepare the journal entry to record 2020 depreciation (Credit accounties are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account totes and enter for the amounts Round answers to decimal places 2.125.) Account Tited wanation Debit Credit MacBook Air LINK TO TEXT Assume that Concord uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet (Round answers to CONCORD COMPANY Partial Balance Sheet decimal places, e.g. 2125.) Question Attempts of used MacBook Air JK