Sheridan Company purchased a delivery truck for $$44,000$ on July $1,2025.$ The truck has an expected salvage value of $$8,000,$ and is

expected to be driven $100,000$ miles over its estimated useful life of $8$ years. Actual miles driven were $15,000$ in $2025$ and $12,000$ in

Sheridan uses the straight$-$line method of depreciation.

$($a$)$

Your answer is correct.

Compute depreciation expense for $2025$ and $2026.$

List of Accounts

Attempts: $1$ of $2$ used

$($b$)$

Prepare the journal entry to record $2025$ depreciation. $($List debit entry before credit entry. 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

Depreciation Expense

Accumulated Depreciation$-$Equipment