Culver Company purchased a delivery truck for $30,000 on January 1, 2020. The truck has an expected salvage value of $3,250, and is expected to be driven 107,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,500 in 2020 and 13,900 in 2021.

our answer is correct. Calculate depredation expense per mile under units-of-activity methad. (Round answer to 2 decimal places, e.g. 0.50) Depreciation expense 25 per mile SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (a2) Your answer is correct. Compute depreciation expense for 2020 and 2021 using (1) the straight-line methad, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g.o.s0 and depreciation rate to 0 decimal places, e.g. 15%, Round final answers to 0 decimal places, e.g. 2,125.) 2020 2021 (1) Straight-line method 3344 3344 (2) Units-of-activity methad 3475 (3) Declining-balance method LINK TO TEXT Attempts 1 of 3 used (bi) Your answer is partially correct. Try again. Assume that Culver uses the straight line method. Prepare the oumal entry to record 2020 depreciation. Credit account titles are for the account titles and enter 0 for th amounts. Round answers to 0 decimal places, e.g. 2,125.) tomatIear Indented when nunt is entered. Do not indent m mua y. Tr no entry is required, select No Ent Account Titles and Explanation Debit Credit Accumulated Depletion 3114 3411