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 $2023.$

Calculate depreciable cost per mile under units$-$of$-$activity method. $($Round answer to $2$ decimal places, e$.$g$.0\mathrm{.}50.)$

Depreciable cost $ per mile

eTextbook and Media

List of Accounts

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.

$\backslash$table$[[,,$Depreciation Expense$],[(1)$ Straight$-$line method,$$,2023,],[(2)$ Units$-$of$-$activity method,$$,$$$,],[(3)$ Double$-$declining$-$balance method $$,$$$,,]]$

eTextbook and Media

List of Accounts

Assume that Cullumber 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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit