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Novak Corp. purchased a delivery truck for $35,600 on January 1, 2020. The truck has an expected salvage value of $1,600, and is expected to

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Novak Corp. purchased a delivery truck for $35,600 on January 1, 2020. The truck has an expected salvage value of $1,600, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,100 in 2020 and 11.700 in 2021 Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ per mile e Textbook and Media List of Accounts 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, es. 0.50 and depreciation rate too decimal places, eg. 15%. Round final answers to decimal places, es. 2,125) Depreciation Expense 2020 (1) Straight-line method (2) Units-of-activity method (3) Double declining-balance method $ 2021 $ $ $ $ e Textbook and Media List of Accounts Assume that Novak 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 for the amounts. Round answers to decimal places, eg, 2.125.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Assume that Novak uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to decimal places, eg. 2,125.) Novak Corp Partial Balance Sheet $ $

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