Oriole Company purchased a delivery truck for $44,000 on July 1, 2022. The truck has an expected salvage value of $4,000, 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. Oriole uses the straight-line method of depreciation. Your answer is correct. Compute depreciation expense for 2022 and 2023. Depreciation Expense 2022 2023 Straight-line method $ 2500 $ eTextbook and Media List of Accounts 5000 Show how the truck would be reported in the December 31, 2023, balance sheet. ORIOLE COMPANY Equipment Partial Balance Sheet December 31, 2023 Less Accumulated Depreciation-Equipment eTextbook and Media List of Accounts 44000