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Concord Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an expected salvage value of $1,000 and is expected to

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Concord Company purchased a delivery truck for $29,000 on January 1, 2022. The truck has an expected salvage value of $1,000 and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,300 in 2022 and 13,200 in 2023 (a1) Your answer is correct Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, es. 0.50) Depreciation expense $ 020 per mile 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. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to decimal places, eg. 15%. Round final answers to decimal places, eg. 2,125.) Depreciation Expense 2022 2023 1 Straight line method (2) Units of activity method (3) Declining balance method

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