Concord Corporation purchased a delivery truck for $28,500 on January 1, 2022. The truck has an expected salvage value of $2,500, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,600 in 2022 and 12,900 in 2023.

Assume that Concord uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet.

(a 1) Your answer is correct Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, eg, 0.50.) Depreciable cost $ 0.26 per mile e Textbook and Media List of Accounts Attempts: 1 of 3 used (a2) Your answer is 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. iation ense 2022 2023 (1) Straight-line method $ 2600 2600 (2) Units-of-activity method $ 4316 $ 3354 (3) Double-declining-balance method $ 5700 $ 4560 e Textbook and Media List of Accounts Attempts: 1 of 3 used Your answer is correct. Assume that Concord uses the straight-line method. Prepare the journal entry to record 2022 depreciation. (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 for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 2600 Accumulated Depreciation Equipment 2600 e Textbook and Media List of Accounts Attempts: 2 of 3 used (62) Assume that Concord uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet. Concord Corporation Partial Balance Sheet $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit