Exercise 10-07 a1-b2 (Part Level Submission) cu ver Company Purchased delivery ruck or $30,00 on January 1 2D20. The truck has an expected savage value af $3 2sa and s expected to be driven 1D7,0q0 miles aver its cstirmated use u life of 8 years. Actual miles dnven were 12 sao n 202D and 13,900 in 2021 (a1) Your arswer is correct Calculate depreciatan expense per mile under units-of-activity method. (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. Conpute depreciation experise for 2020 and 2021 using (1) the straght-line method, (2) the urnits-of-activity method, and (3) the double-declining-balance riethod. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 159% Round final answers to 0 decimal places, e.g. 2,125.) Depreciation Expense 2020 2021 (1) Straight-line method (2) Units of actvity method (3) Declining-balance method 3344 3475 7500 5625 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used 0 decimal places, e.g. 15%. Round final answers to o decimai places, e.g. 2,125.) Depreciation Expense 2020 2021 )Straight-ling method 3344 (2) Units-or-activity method 3125 3475 (3) Declining-balance method 7500 5625 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b1) Your arswer is correct Assurne that Culver uses the straight-line methad. Prepare the journal entry ta reard 2020 deprecation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, sclect "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 2,125) Account Titles and Explanation Depreciation Expense Debit Credit 3344 Attempts: 2 of 3 used (b2) Assurne that Culver uses the straight-line methad. Show haw the truck wauld be reported in the December 31, 2020, balance sheet. (Round answers to 0 decimal places, e.g. 2,125. CULVER COMPANY Partial Balance Sheet