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I got mostly everything done besides the Units of Activity Method part and also the journal entries for question 14.

Instructions Answer the following questions regarding this problem. Don't use $ in the answers. Jay Company purchased a delivery truck for $67,000 on January 1, 2018. The truck has an expected salvage value of $3,000 and is expected to be driven 110,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,000 in 2018 and 12,000 in 2019 and 4,000 in 2020. The delivery truck is then sold on July 1, 2020 for $50,000 cash. Question 1 1/1 pts Using straight-line method compute depreciation expense for 2018. 8,000 Correct! Question 2 1/1 pts Using straight-line method compute depreciation expense for 2019. 8,000 Correct! Question 3 1/1 pts Compute the accumulated depreciation for December 31, 2019 using the straight- line method. 16,000 Correct! Question 4 1/1 pts Compute the book value for December 31, 2019 using the straight-line method. 51,000 Correct! Question 5 1/1 pts Using double-declining balance method compute depreciation expense for 2018. 16,750 Correct! Question 6 1/1 pts Using double-declining balance method compute depreciation expense for 2019. 12,562.5 Correct! Question 7 1/1 pts Compute the accumulated depreciation for December 31, 2019 using the double- declining balance method. 29,312.5 Correct! Question 8 1/1 pts Compute the book value for December 31, 2019 using the double-declining balance method. 37,687.5 Correct! Incorrect Question 9 0/1 pts Using units-of-activity method compute depreciation expense for 2018. 8,145.45 Correct! Incorrect Question 10 0/1 pts Using units-of-activity method compute depreciation expense for 2019. 6,981.82 Correct! Question 11 1/1 pts Compute the accumulated depreciation for December 31, 2019 using the units-of- activity method. 2,327.27 Correct! Incorrect Question 12 0/1 pts Compute the book value for December 31, 2019 using the units-of-activity method. Correct! Question 14 Not yet graded / 84 pts Journalize the two (2) necessary transactions for the $50,000 cash sale of the truck on July 1, 2020, if Jay Company used the straight-line method for depreciation. List the debits first for each transaction. Jul 1, 2020 Jul 1, 2020

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