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Really confused and need help! THANKS! Novak Corp. purchased a delivery truck for $ 48,000 on January 1, 2022. The truck has an expected salvage value of $ 12,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 12,800 in 2022 and 14,300 in 2023. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ 0.36 per mile e Textbook and Media List of Accounts 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) 1 Straight-line method $ $ (2) Units-of-activity method $ $ $ (3) Double-declining balance method $ $ eTextbook and Media List of Accounts Assume that Novak uses the straight-line method. Prepare the journal entry to record 2022 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.) Account Titles and Explanation Debit Credit Depreciation Expense 5,148 Accumulated Depreciation-Equipment 5.148 eTextbook and Media List of Accounts Assume that Novak uses the straight-line method. Show how the truck would be reported in the December 31, 2022, balance sheet. Novak Corp Partial Balance Sheet December 31, 2022 Equipment $ Less : Accumulated Depreciation-Equipment $ TA

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