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Kingbird, Inc. purchased a delivery truck for 539,200 on January 1, 2020. The truck has an expected salvage value of $2,200, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,500 in 2020 and 11,300 in 2021. x Your answer is incorrect. Try again. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense 3700 per mile Your answer is partially correct. Try again. 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 3700 ./ 3700 (2) Units-of-activity method $ 6105 58181 (3) Double-declining-balance method 9825 2825 Your answer is partially correct. Try again. Assume that Kingbird uses the straight-line method. Prepare the journal entry to record 2020 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 amounts. Round answers to O decimal places, e.g. 2,125.) Account Titles and Explanation Debit Credit Depreciation Expense 73700 Accumulated Depreciation Equipment 33700 Your answer is partially correct. Try again. Assume that Kingbird uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to O decimal places, e.g. 2,125.) Your answer is partially correct. Try again. Assume that Kingbird 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.) Kingbird, Inc. Partial Balance Sheet Equipment 393 esslAccumulated Depreciation Equipment 3700 35600