linton company purchased a delivery truck for $34,000 on january

Project Description:

linton company purchased a delivery truck for $34,000 on january 1, 2015. 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 15,000 in 2015 and 12,000 in 2016.instructions(a) compute depreciation expense for 2015 and 2016 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method.(b) assume that linton uses the straight-line method.(1) prepare the journal entry to record 2015 depreciation.(2) show how the truck would be reported in the december 31, 2015, balance sheet.
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Price Type: Negotiable

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