Exercise 9-07 al-a2, b1-b2 Wildhorse Co. purchased a delivery truck for $38,000 on January 1, 2020. 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 14,400 in 2020 and 12,700 in 2021. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expenses per mile SHOW LIST OF ACCOUNTS LINK TO TEXT 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 (3) Double-declining-balance method $ SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that Wildhorse uses the straight-line method. Prepare the journal entry to record 2020 depreciation. (Credit account tities 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 0 decimal places, e.g. 2,125.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Assume that Wildhorse uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to 0 decimal places, e.g. 2,125.) Wildhorse Co. Partial Balance Sheet Click you would like to Show Work for this question: Open Show Work