a$.$ The company has one truck that it purchased at the start of this year. The truck cost $$78,000,$ had an

estimated useful life of five years and is expected to have zero value at the end of the five years. Prepare

the December $31$ adjusting entry. Assume no adjusting entries have been made during the year.

Journal entry worksheet

$1$

The company has one truck that it purchased at the start of this year. The

truck cost $$78,000,$ had an estimated useful life of five years and is expected

to have zero value at the end of the five years. Prepare the December $31$

adjusting entry for depreciation.

Note: Enter debits before credits.