Jay Company purchased a delivery truck for $67,000 on January 1, 2018. The truck has an expected salvage value of $3,000 and is expected to be driven 110,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,000 in 2018 and 12,000 in 2019 and 4,000 in 2020. The delivery truck is then sold on July 1, 2020 for $50,000 cash. Question 1 1 pts Using straight-line method compute depreciation expense for 2018. Question 2 1 pts Using straight-line method compute depreciation expense for 2019. Question 3 1 pts Compute the accumulated depreciation for December 31, 2019 using the straight-line method. 1 pts Question 4 Compute the book value for December 31, 2019 using the straight-line method. Question 5 1 pts Using double-declining balance method compute depreciation expense for 2018. Question 6 1 pts Using double-declining balance method compute depreciation expense for 2019. Question 7 1 pts Compute the accumulated depreciation for December 31, 2019 using the double-declining balance method. Question 8 1 pts Compute the book value for December 31, 2019 using the double-declining balance method. Question 9 1 pts Using units-of-activity method compute depreciation expense for 2018. Question 10 1 pts Using units-of-activity method compute depreciation expense for 2019. Question 11 1 pts Compute the accumulated depreciation for December 31, 2019 using the units-of-activity method. Question 12 1 pts Compute the book value for December 31, 2019 using the units-of-activity method. Question 13 4 pts Prepare the journal entry to record 2019 depreciation for the straight-line method. List the account titles to be debited and credited and the amount for annual depreciation to be recorded December 31, 2019. List the debit frst. Dec 31, 2019 HTML Editor I E E E E E X B I U I T 12pt Paragraph Question 14 84 pts Journalize the two (2) necessary transactions for the $50,000 cash sale of the truck on July 1, 2020, if Jay Company used the straight-line method for depreciation. List the debits first for each transaction. Jul 1, 2020 Jul 1, 2020 HTML Editor BI U A - I T 12pt Paragraph Vx