Prepare the journal entry to record depreciation on December 31, 2020. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 12600 12600 Acumulated Depreciation Equipment Compute the revised annual depreciation on December 31, $ Revised annual depreciation Pharoah Company purchased a delivery truck for $36.000 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. Pharoah uses the straight-line method of depreciation. Prepare the journal entry to record depreciation on December 31, 2020. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 12600 12600 Acumulated Depreciation Equipment Compute the revised annual depreciation on December 31, $ Revised annual depreciation Pharoah Company purchased a delivery truck for $36.000 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. Pharoah uses the straight-line method of depreciation