E9.7 (LO 2), AP Gotham Company purchased a new machine on October 1,2025 , at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 10 -year life. Instructions Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end. E9.8 (LO 2), AP Linton Company purchased a delivery truck for $34,000 on July 1,2025 . 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 2025 and 12,000 in 2026. Linton uses the straight-line method of depreciation. Instructions a. Compute depreciation expense for 2025 and 2026. b. Prepare the journal entry to record 2025 depreciation. c. Prepare the journal entry to record 2026 depreciation. d. Show how the truck would be reported in the December 31,2026 , balance sheet