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Exercise 9-7 (Part Level Submission) Linton Company purchased a delivery truck for $26,000 on January 1, 2017. The truck has an expected salvage value of
Exercise 9-7 (Part Level Submission) Linton Company purchased a delivery truck for $26,000 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 10 years. Actual miles driven were 14,100 in 2017 and 11,000 in 2018 (a1) 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 0.23 per mile LINK TO TEXT Attempts: 1 of 5 used (a2) Your answer is correct. 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 0 decimal places, eg. 2,125.) Depreciation Expense 2017 2018 (1) Straight-line method (2) Units-of-activity method (3) Double-declining-balance method 2310 3243 5200 2310 2530 4160 (b1) Assume that Linton uses the straight-line method. Prepare the journa Collapse question part ' depreciation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry for tne account tites and enter 0 for the amounts Round answers to O decina places, e 9-41s. Account Titles and Explanation Debit Credit LINK TO TEXT Attempts: 0 of 5 used
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