Carla Vista Company purchased a delivery truck for $36,000 on July 1, 2022. The truck has an expected salvage value of $6,000, 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. Carla Vista uses the straight-line method of depreciation.

Compute depreciation expense for 2022 and 2023.

		Depreciation Expense
		2022		2023
Straight-line method		$		$

                                          1875                                          3750

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

Answer rating: 100% (QA)

Calculation of Depreciation Depreciation expense 3600060008612 2022 2023 Depreciation expense 1... View the full answer