(3) (Cick on the lcon to view the lacts) Read the requirements. Requirement 1. Record the journal entry for deprectatlon expense in 2024 . (Recurd debits first, then credlis. Select the explanation on the last ine More info When acquired in 2021, the rig cost $090,000 and was expected to remain in service for 10 years or 1,600,000 riles. Estimated rasidual value was $140,900 The truck was driven 78000 riles in 2021, 118,000 miles in 2022, and 158,000 miles in 2023 Alios 35,000 miles, on Marti is 2024, the compary taded in the Mack Iruck itor a legs expensive Freightiner. Honest also paid cash of 526,000 Fiai naikel value of the Mack truck was equal to its net book value on the date of the lrade