A company purchased a van at a cost of $54,000 and expects its salvage value to be $6,000 aft 100,000 miles of service. Using the units of-production method, what is the first year's depreciation if the van is driven 30,000 miles? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar) O A. $16,200 B. $1.800 O C. $18,000 O D. $14,400 A truck costing $56,000 has accumulated depreciation of $52,000. The truck is scrapped for S700. The journal entry to record this transaction is to A. O B. ( C. O D. debit Cash for S700, debit Accumulated Depreciation-Truck for $52,000, debit Loss on Disposal for S3300 and credit Truck for S56.000. debit Cash for $700, debit Loss on Disposal for $55,300 and credit Truck for $56,000. debit Cash for $700, debit Truck for $52,000, debit Loss on Disposal for $3,300 and credit Accumulated Depreciation-Truck for $56,000 debit Accumulated Depreciation-Truck for $52,000, debit Loss on Disposal S4,000, and credit Truck for S56000. Equipment costing $118,000 has accumulated depreciation of S92,000. The equipment is a trade- in for new equipment costing $191,000. If the trade-in value received for the old equipment is $35,000, the journal entry to record this transaction is to A O B. C O D. debit Equipment New for S 191.000, debit Accumulated Depreciation-Equipment for .000 credit Cash for $156.000, and credit Gain on Exchange of Assets for S9.000 debit Equipment (New) for S 19 1.000, debit Accumulated Depreciation-Equipment for S92.000. credit Equipment (Old) for S 118.000 and credit Cash for $165,000 debit Equip met New for S 191.000, debit Accumulated Depreciation Equipment forS92.000, debit Loss ontxchange Assets fo S26000 credit Equipment in or sma000 and credit Cas hors 900 debit Equipment (New) for $191,000, and credit Cash for $191,000 592,000, credit Equipment (Old) for $118