PRINTER VERSION BACK NEXT Exercise 10-7 (Part Level Submission) Linton Company purchased a delivery truck for $34,000 on January 1, 2017. The truck has an expected salvage value of $1,700, and is expected to be driven 106,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,300 in 2017 and 11,400 in 2018. (al) Your answer is correct. Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $0.30 per mile Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (a2) 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. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to o decimal places, e.g. 15%. Round final answers to o decimal places, e.g. 2,125.) Depreciation Expense 2:27 AM Attempts: 1 of 3 used (a2) Your answer is correct. 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. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to o decimal places, e.g. 15%. Round final answers to o decimal places, e.g. 2,125.) Depreciation Expense 2017 2018 (1) Straight-line method $4,037.50 $4,037.50 (2) Units-of-activity method $4,966.88 $3,473.77 (3) Declining-balance method $8,500 $6,375 Click if you would like to Show Work for this question: Open blank Show Work Copy Show Work from Previous attempt SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT 10:43 AN Weygandt, Accounting Principles, 12e Grace Period: 13 days left | Register N PRINTER VERSION NEXT Attempts: 1 of 3 used (1) Your answer is correct. Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 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 o for the amounts. Round answers to o decimal places, eg. 2,125.) Account Titles and Explanation Debit Credit Depreciation Expense $4,037.50 Accumulated Depreciation-Equipment. $4,037.50 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used Help System Announcements Grace Period: 13 days left Regist PRINTER VERSION Allempe. S01>useu (62) Assume that Linton uses the straight-line method. Show how the truck would be reported in the December 31, 2017, balance sheet. (Round answers to o decimal places, e.g. 2,125.) LINTON COMPANY Partial Balance Sheet Less Accumulated Depreciation Equipment Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWEI