POLEN PUNTI VERSION ECK Exercise 9-06 Ivanhoe Company purchased a delivery truck for $40,000 on May 1, 2022. The truck has an expected salvage value of $10,000, and is expected to be driven 100,000 over its estimated useful le of years. Actualmes driven were 15,000 in 2022 and 12,000 in 2023. Ivanhoe uses the straight-inechod of depreciation your answer is partially correct. Try again Compute depreciation expense for 2022 and 2023 Depreciation Expense 2022 2023 Straight line method 3.650 30 HOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Your answer is partially correct. Try again Prepare the journal entry to record 2022 deprecation. (Credit account titles are automatically indented amount to be indem by is required, select "No Entry for the accounties and enter for the amounts) ECES CALCULATOR FULL SCREEN PRINTER VERSION Account Titles and Explanation RACK ME Debit Credit Depreciation Expense 30,000 Accumulated Depreciation Equipment 10,000 SHOW LIST OF ACCOUNTS UNTO TEXT Your answer is partially correct. Try again Prepare the journal entry to record 2023 depreciation. (Crecounts are automatically indeed when we not indent my entry is required, select "No Entry for the account title and enter for the amounts Account Titles and Explanation Debit die Depreciation Expense 10,000 Accumulated Oration Equipment 470 Your answer is partially correct. Try again. Show how the truck would be reported in the December 31, 2023, balance sheet. IVANHOE COMPANY Partial Balance Sheet December 31, 2023 Equipment 40,000 Less Accumulated Depreciation-Equipment 10,000 32,875 Click if you would like to Show Work for this question: Open Show Work