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Sheffield Corp. purchased a delivery truck for $32,000 on January 1,2020. The truck has an...

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Accounting

Sheffield Corp. purchased a delivery truck for $32,000 on January 1,2020. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,700 in 2020 and 12,300 in 2021.
Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg.0.50.)
Depreciation expense
$ per mile
Compute depreciation expense for 2020 and 2021 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 0 decimal places, e.g.15%. Round final answers to 0 decimal places, e.g.2,125.)
\table[[,,Depreciation Expense],[,,2020,2021],[(1),Straight-line method,$,$
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