Linton company purchased a delivery truck for 29000 on January 1, 2017. The truck has an expected salvage value of 1500, and is expected to be driven 100000 miles over it's estimated useful life of 10 years. Actual miles driven were 12300 in 2017 and 13200 in 2018.

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.

Assume that Linton uses the straight line method. Prepare the journal entry to record 2017 depreciation.

Assume that Linton uses the straight-line method. Show how the truck would be reported in the December 31, 2017, balance sheet.

Linton Company purchased a delivery truck for $29,000 on January 1, 2017. The t estimated useful life of 10 years. Actual miles driven were 12,300 in 2017 and 13, Calculate depreciation expense per mile under units-of-activity method. (Round a Depreciation expense per mile LINK TO TEXT Compute depreciation expense for 2017 and 2018 using (1) the straight-line method, depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate Depreciation Expense 2017 2018 (1) Straight-line method (2) Units-of-activity method (3) Declining-balance method Assume that Linton uses the straightline method, Prepare the jounal entry to record 20