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Pharoah Company purchased a delivery truck for $$49,000$ on January $1,2022.$ The truck has an expected salvage value of $$13,000,$

and is expected to be driven $100,000$ miles over its estimated useful life of $10$ years. Actual miles driven were $12,300$ in $2022$

and $13,200$ in $2023.$

$($a$1)$

Calculate depreciable cost per mile under units$-$of$-$activity method. $($Round answer to $2$ decimal places, e$.$g$.0\mathrm{.}50.)$

Assume that Pharoah uses the straight$-$line method. Prepare the journal entry to record $2022$ 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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit