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Linton Company purchased a delivery truck for $34,000 on July 1, 2022. The truck has an expected salvage value of $2,000, and is expected to
Linton Company purchased a delivery truck for $34,000 on July 1, 2022. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Linton uses the straight-line method of depreciation. (a) Your answer is correct. Compute depreciation expense for 2022 and 2023. Depreciation Expense 2022 2023 Straight-line method $ S 2000 $ 4000 e Textbook and Media List of Accounts Attomntruunlimited Your answer is partially correct. Show how the truck would be reported in the December 31, 2023, balance sheet. LINTON COMPANY Partial Balance Sheet December 31, 2023 $ $ Taythool and Media
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