Question: Linton company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $1,500, and is expected to

Linton company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $1,500, and is expected to be driven $100,000 miles over it's estimated useful life of 10 years. Actual miles driven were $12,300 in 2017 and $13,200 in 2018.

Compute depreciation expense for 2017 and 2018 using(1) the straight-line method. (2) the units of activity method, and (3) the double-declining balance method.

Assume that Linton uses the straight line method. Prepare the journal entry to record 2017 depreciation.

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