Swifty Corporation purchased a delivery truck for $28,000 on January 1, 2020. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,500 in 2020 and 11,000 in 2021 Your answer is correct Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, es 0.50) Depreciation expense $ 0.26 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, ca. 0.50 and depreciation rate to decimal places. 15. Round final answers to decimal places, s 2.125) Depreciation Expense 2020 2021 (1) Straight-line method (2) Units-of-activity method (3) Double-declining balance methods e Textbook and Media Assistance Used Textbook List of Accounts Your answer is correct Assume that Swifty 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 2.125.) Account Titles and Explanation Debit Credit Depreciation Expense 250 Accumulated Depreciation Equipment Assume that Swifty uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet. (Round answers to decimal places, es 2,125.) Swifty Corporation Partial Balance Sheet December 31, 2020 Equipment 28000 Les : Accumulated Depreciation Equipment -32501 24750 e Textbook and Media Assistance Used List of Accounts