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View Policies Show Attempt History Current Attempt in Progress Cullumber Company purchased a delivery truck for $32,000 on July 1, 2022. The truck has an

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View Policies Show Attempt History Current Attempt in Progress Cullumber Company purchased a delivery truck for $32,000 on July 1, 2022. 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 2022 and 12,000 in 2023. Cullumber uses the straight-line method of depreciation. (a) Your answer is correct. Compute depreciation expense for 2022 and 2023. Depreciation Expense 2022 2023 1500 $ 3000 $ Straight-line method eTextbook and Media List of Accounts Attempts: 1 of 10 used es 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 for the amounts.) Debit Credit Account Titles and Explanation e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 10 used Save for Later (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. o 8

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