*Exercise 10-07 a 1-b2 Monty Company purchased a delivery truck for $31,000 on January 1, 2020. The truck has an expected salvage value of $1,840, and is expected to be driven 108,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,200 in 2020 and 11,200 in 2021. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) $ Depreciation expense per mile Compute depreciation expense for 2020 and 2021 using (1) the straight-line method, (2) the units-of- activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to o decimal places, e.g. 15%. Round final answers to o decimal places, e.g. 2,125.) Depreciation Expense 2020 2021 (1) Straight-line method $ $ (2) Units-of-activity method S S (3) Declining-balance method $ $ Assume that Monty uses the straight-line method. Prepare the journal entry to record 2020 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 o for the amounts. Round answers to o decimal places, e.g. 2,125.) Account Titles and Explanation Debit Credit Assume that Monty uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to o decimal places, e.g. 2,125.) MONTY COMPANY Partial Balance Sheet S $