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Monty Corp. purchased a delivery truck for $ 34,000 on January 1, 2022. The truck...

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Accounting

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Monty Corp. purchased a delivery truck for $ 34,000 on January 1, 2022. The truck has an expected salvage value of $ 4,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,100 in 2022 and 14,000 in 2023. (a2) 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. Depreciation Expense 2022 2023 (1) Straight-line method $ $ (2) Units-of-activity method $ $ (3) Double-declining-balance method $ $

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