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need help with part b2. last picture. Pharoah Company purchased a delivery truck for $49,000 on January 1, 2022. The truck has an expected salvage

need help with part b2. last picture. image text in transcribed
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Pharoah Company purchased a delivery truck for $49,000 on January 1, 2022. The truck has an expected salvage value of $13,000, and is expected to be driven 100,000 miles over its estimated useful life of 10 years. Actual miles driven were 12,300 in 2022 and 13,200 in 2023 (a 1) Your answer is correct Calculate depreciable cost per mile under units of activity method. (Round answer to 2 decimal places, c.9.0.50) Depreciable cost 0.36 per mile Your answer is correct. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method. (2) the units-of-activity method, and (3) the double-declining-balance method. Depreciation Expense 2022 2023 (1) Straight-line method 3600 S 3600 (2) Units-of activity method $ $ 4752 (3) Double-declining balance method S 9800 7840 $ 4435 $ $ $ Assume that Pharoah uses the straight-line method. Prepare the journal entry to record 2022 depreciation expense. (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 for the amounte) Account Titles and Explanation Debit Credit Deprecation Denne 3600 Accumulated Depredston-Equipenent 3600 (62) Assume that Pharoah uses the straight-line method Show how the truck would be reported in the December 31, 2022. balance sheet Pharoah Company Partial Balance Sheet

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