Question 7 Prepare journal entries to record the following. Sound Tracker Company retires its delivery equipment, which cost $42,000. Accumulated depreciation is also $42,000 on this delivery equipment. No salvage value is received. (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 o for the amounts.) Account Titles and Explanation Debit Credit Sound Tracker Company retires its delivery equipment, which cost $42,000. Accumulated depreciation is $38,500, on the delivery equipment. (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 o for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Question 6 Linton Company purchased a delivery truck for $31,000 on January 1, 2017. The truck has an expected salvage value of $1,200, and is expected to be driven 101,000 miles over its estimated useful life of 10 years. Actual miles driven were 16,300 in 2017 and 10,700 in 2018. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense per mile $ Compute depreciation expense for 2017 and 2018 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, e.g. 0.50 and depreciation rate to o decimal places, e.g. 15%. Round final answers to o decimal places, e.g. 2,125.) Depreciation Expense 2017 2018 (1) Straight-line method $ $ (2) Units-of-activity method $ (3) Declining-balance method $ (3) Declining-balance method $ $ Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 depreciation. (Credit account titles are aut entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts 2,125.) Account Titles and Explanation Debit Credit Assume that Linton uses the straight-line method. Show how the truck would be reported in the December 31, 2017, balance sheet. (Rou 2,125.) LINTON COMPANY Partial Balance Sheet S Show Work is REQUIRED for this question: Open Show Work