E10.7 (LO 2), AP Financial Statement Linton Company purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Instructions a. 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. b. Assume that Linton uses the straight-line method. 1. Prepare the journal entry to record 2022 depreciation. 2. Show how the truck would be reported in the December 31,2022 , balance sheet. (a)