Exercise 9-7 Linton Company purchased a delivery truck for $32,000 on January over its estimated useful life of 10 years. Actual miles driven were 16,400 in 2017 and 13,900 in 2018. ,2017. The truck has an expected salvage value of $2,700, and expected to be driven 106,000 miles Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.52.) Depreciation expense 0.28 per mile SHOW SOLUTION SHOW ANSWER SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. 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, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to places, e.g. 2,125.) decimal Depreciation Expense 2017 2018 (1) Straight-line method 2930 2930 (2) Units-of-activity method 4592 3892 (3) Double-declining-balance method 3200 2880 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is correct. 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 0 for the amounts. Round answers to decimal places, e.g. 2,125.) Account Titles and Explanation Debit Credit Depreciation Expense 2930 2930 Accumulated Depreciati SHOW LIST OF ACCOUNTS SHOW ANSWER LINK T Your answer is partially correct. Try again. 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 0 decimal places, e.g. 2,125.) LINTON COMPANY Partial Balance Sheet December 31, 2017 Gain on Disposal of Plant 32000 Accumulated Depreciation- 2930 Less 29070 SHOW LIST OF ACCOUNTS LINK TO TEXT