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Larkspur, Inc, purchased a delivery truck for...

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Accounting

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Larkspur, Inc, purchased a delivery truck for $34,000 on January 1,2022. The truck has an expected salvage value of $5,000. and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 13,800 in 2022 and 10,200 in 2023. (a1) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, es. 0.50) Depreciablecost permile Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. Assume that Larkspur uses the straight-line method. Prepare the journal entry to record 2022 depreciation expense. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.)

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