Sheridan Company purchased a delivery truck for $ 32,800 on January 1, 2020. The truck...

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Sheridan Company purchased a delivery truck for $ 32,800 on January 1, 2020. The truck has an expected salvage value of $ 1,800, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,400 in 2020 and 13,200 in 2021 A Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e8.0.50.) Depreciation expense per mile eTextbook and Media List of Accounts 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, eg. 0.50 and depreciation rate to decimal places, eg. 15%. Round final answers to decimal places, eg. 2,125) Depreciation Expense 2020 2021 (1) Straight-line method $ 8200 $ 6150 (2) Units-of-activity method S 5 $ (3) Double-declining balance method $ $ $ e Textbook and Media List of Accounts Assume that Sheridan uses the straight-line method. Prepare the journal entry to record 2020 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 for the amounts. Round answers to O decimal places, eg. 2,125.) Account Titles and Explanation Debit Credit

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