Cullumber Company purchased a delivery truck for $$24,000$ on January $1,2022.$ The truck has an expected salvage value of $$1,000,$ and is expected to be driven $100,000$ miles over its estimated useful life of $8$ years. Actual miles driven were $12,000$ in $2022$ and $10,000$ in $2023.($a$1)$Your AnswerCorrect AnswerYour answer is correct.Calculate depreciable cost per mile under units$-$of$-$activity method. $($Round answer to $2$ decimal places, e$.$g$.0\mathrm{.}50.)$Depreciable cost$enter the depreciable cost per mile amount in dollars Correct answer per mileeTextbook and MediaSolutionList of AccountsAttempts: unlimited$($Your AnswerCorrect Answer $($Used$)$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.Depreciation Expense$20222023(1)$Straight$-$line method$enter a dollar amount Correct answer$enter a dollar amount Correct answer$(2)$Units$-$of$-$activity method$enter a dollar amount Correct answer$enter a dollar amount Correct answer$(3)$Double$-$declining$-$balance method$enter a dollar amount Correct answer$enter a dollar amount Correct answereTextbook and MediaSolutionList of AccountsAttempts: unlimited$($Your AnswerCorrect AnswerYour answer is correct.Assume that Cullumber uses the straight$-$line method. Prepare the journal entry to record $2022$ depreciation expense. $($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 $0$ for the amounts.$)$Account Titles and ExplanationDebitCreditenter an account titleCorrect answerenter a debit amount Correct answerenter a credit amount Correct answerenter an account titleCorrect answerenter a debit amount Correct answerenter a credit amount Correct answereTextbook and MediaList of AccountsAttempts: unlimited$($Your AnswerCorrect AnswerYour answer is incorrect.Assume that Cullumber uses the straight$-$line method. Show how the truck would be reported in the December $31,2022,$ balance sheet.Cullumber CompanyPartial Balance Sheetchoose the accounting periodenter a balance sheet item$enter a dollar amount Incorrect answerselect between addition and deduction: enter a balance sheet itemIncorrect answerenter a dollar amount Incorrect answer$enter a total of the two previous amounts