Exercise 10-7 Linton Company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $2,900, and is expected to be driven 101,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,600 in 2017 and 13,100 in 2018 Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50) Depreciation expense s per mile SHOW LIST OF ACCOUNTS LINK TO TEXT Compute depreciation expense for 2017 and 2018 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, eg. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) Depreciation Expense 2017 50472018 (1) Straight-line method (2) Units-of-activity method (3) Declining-balance method SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 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 amots. Round answers to O decimal places, e.g. 2,125.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that Linton uses the straight-line method. Show how the truck would be reported in the December 31, 2017, balance sheet. Round answers to O decimal places, e.g. 2,125.) LINTON COMPANY Partial Balance Sheet